Trump: Oracle is an amazing company

Trump: Oracle is an amazing company

President Trump is scheduled to host a dinner with major tech executives from Apple, Meta, Google, and OpenAI at the White House on Thursday night [1]. The event, held in the newly renovated Rose Garden, marks a significant shift in relations between the tech industry and the Trump administration. While the gathering is expected to foster stronger ties, it is notable that Tesla and xAI Chief Executive Elon Musk will not be attending, citing his public feud with Trump after leaving his government role [1].

The dinner comes amidst a push by tech executives for regulatory relief in AI development and significant commitments to U.S. manufacturing and infrastructure. Microsoft and OpenAI, for instance, have announced initiatives to support the White House's efforts to expand AI literacy [1]. Microsoft Chief Executive Satya Nadella, who is expected to attend, emphasized the importance of preparing the next generation to harness AI's power, stating that it is "the defining technology of our time" [1].

The dinner is part of a broader trend of tech executives seeking a more hands-off approach to regulation while competing in the AI race. This shift is particularly evident in the case of Meta Chief Executive Mark Zuckerberg, who has pivoted toward the president after previously criticizing him [1]. Additionally, the Trump administration has released an action plan to cut "red tape" for AI development, aiming to compete with firms in China and elsewhere [1].

However, the dinner is not without controversy. Child safety and advocacy groups have raised concerns about the lack of guardrails to protect the mental health of young people interacting with chatbots. Furthermore, Trump's unusual deal with Nvidia and AMD, allowing these companies to sell certain chips to China in exchange for a 15% cut of those sales, has sparked legal questions about its legality [1].

Despite these controversies, the dinner highlights the tech industry's increasing engagement with the Trump administration. Tech executives, including those from Oracle and Microsoft, have shown support for building in the United States and have been investing heavily in AI infrastructure. For example, Oracle, Microsoft, and OpenAI have announced plans to invest a total of $500 billion in U.S. AI infrastructure over the next four years [1].

However, recent research suggests that the tech industry's focus on AI may not be as beneficial as initially thought. A study by the workforce planning platform Orgvue found that layoffs, often cited as a way to cut costs, rarely achieve their intended goals. The research suggests that companies that increased their headcount instead of decreasing it had their revenues rise, indicating that investing in people may be more effective than relying solely on AI [2].

In conclusion, the dinner between President Trump and major tech executives signals a shift in relations between the tech industry and the Trump administration. While the event highlights significant investments in AI and U.S. manufacturing, it also raises concerns about the lack of guardrails in AI development and the effectiveness of layoffs as a cost-cutting strategy.

References:
[1] https://www.latimes.com/business/story/2025-09-04/tech-executives-but-not-elon-musk-expected-to-attend-trumps-rose-garden-dinner
[2] https://www.inc.com/minda-zetlin/microsoft-and-oracle-laid-off-people-and-bet-on-ai-new-research-says-that-may-backfire/91234823