https://www.vcinfodocs.com/what-is-the-network-state
The tech fascists essentially want to gut regulation so they can build corporate feudalism. Run experiments on biotech, genetic research, etc. Extend their own life spans. Build advanced military technology. And enslave the rest of us.
Essentially, they read Ayn Rand, saw some cyberpunk flicks, and chose to be the villains in the story.
They're an existential threat to our species. And likely a lot of other life on the planet.