The big AI companies seem to be in a celebratory mood after President Donald Trump unveiled his AI Action Plan — not surprising, perhaps, since the plan was shaped by Trump’s Silicon Valley allies.

Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha look at how the Trump administration plans to reshape the AI landscape, making it harder for environmental regulators to block data center construction, for state governments to oversee AI development and safety, and for tech companies to develop what conservatives see as “woke” AI.

Listen to the full episode to hear more about this week’s startup and tech news, including:

• Tesla’s fancy new Hollywood diner, featuring Superchargers, a drive-in movie theater, and (supposedly) weird hot dogs.
• Amazon’s acquisition of AI wearable startup Bee and what it might mean for Alexa’s future
• The rapid rise of AI-powered website and app builder Lovable, which recently reached $100 million ARR
• Figma’s plans to raise nearly $1 billion in an IPO, in what looks like a remarkable comeback following a failed acquisition by Adobe

Equity will be back for you next week, so don’t miss it!

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.