The technological landscape witnessed seismic shifts throughout 2024, with Silicon Valley’s influential figures emerging as formidable political powerbrokers. Elon Musk, the tech industry’s most controversial figure, channelled £220 million of his personal wealth alongside his social media platform X to support Donald Trump’s successful presidential campaign.
The cryptocurrency sector demonstrated remarkable resilience, with Bitcoin surpassing the £100,000 threshold. The newly elected President Trump, previously sceptical of digital currencies, has pledged to transform America into the global cryptocurrency hub, marking a significant policy reversal.
OpenAI experienced a tumultuous year marked by leadership upheaval and legal challenges. The organisation secured an impressive £6.6 billion in funding, achieving a £157 billion valuation despite the departure of key founders Mira Murati and Ilya Sutskever. The company faced additional pressure when Scarlett Johansson initiated legal proceedings over AI voice replication concerns.
The artificial intelligence arms race intensified as leading Western and Chinese tech corporations collectively invested £300 billion in data centre infrastructure. This massive expenditure signals the industry’s commitment to developing increasingly sophisticated AI models, raising questions about employment implications across various sectors.
Apple’s trajectory appears particularly noteworthy, with its market capitalisation approaching £3.9 trillion following a remarkable 35% surge in 2024. Industry analysts project continued growth, driven by the company’s strategic AI integration across its ecosystem of two billion devices.
The initial public offering landscape shows promising signs of revival, contrasting sharply with post-pandemic decline. Major private entities including SpaceX (valued at £350 billion), Stripe (£70 billion), and OpenAI (£157 billion) are positioned for potential market debuts, suggesting 2025 could mark the most significant year for public listings since the Covid-19 era.
Post Disclaimer
The following content has been published by Stockmark.IT. All information utilised in the creation of this communication has been gathered from publicly available sources that we consider reliable. Nevertheless, we cannot guarantee the accuracy or completeness of this communication.
This communication is intended solely for informational purposes and should not be construed as an offer, recommendation, solicitation, inducement, or invitation by or on behalf of the Company or any affiliates to engage in any investment activities. The opinions and views expressed by the authors are their own and do not necessarily reflect those of the Company, its affiliates, or any other third party.
The services and products mentioned in this communication may not be suitable for all recipients, by continuing to read this website and its content you agree to the terms of this disclaimer.