Tech Industry convenes in Portugal amid uncertainty following Trump’s victory

The Web Summit, one of the tech industry's largest gatherings, opened Tuesday in Lisbon under the shadow of Donald Trump’s re-election, sparking discussions on what his second term could mean for technology and innovation. The summit, which brings together 70,000 participants, over 3,000 startups, and 1,000 investors, is closely watching potential shifts in U.S.

This year's summit sees a return of major firms like Meta and Google, following last year’s controversy when several companies withdrew after Web Summit CEO Paddy Cosgrave’s statements on social media, which accused Israel of war crimes in Gaza. Cosgrave, who briefly stepped down, resumed his role and opened the summit without addressing the incident, focusing instead on the startup community.

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