Since Vice President Kamala Harris dropped out of the race, President Joe Biden may not be running again.
Biden said he “fully supports and endorses Kamala to be the nominee of our party this year” when he announced his plans. Harris, on the other hand, said she “intention is to win and earn this nomination.” That being said, it’s not clear if other Democratic politicians will run against her for the ticket at an open convention or in some other way.
If Harris is chosen, the Democrats will have a presidential candidate with ties to the Bay Area and the tech business that goes back a long way—she was born in Oakland. JD Vance, who is running with Donald Trump, also has a lot of ties to Silicon Valley. Before she was voted to the Senate in 2016, she was the district attorney for San Francisco and then the attorney general of California.
Investors like John Doerr and Ron Conway were among her first backers. When she ran for president, Reid Hoffman, co-founder of LinkedIn, quickly backed her. Reed Hastings, co-founder of Netflix, and other people in the business have been more cautious or called for an open convention.
Some people who don’t like the tech business have said that she didn’t do enough as attorney general to stop the growth of the power of tech companies.
She has also been ready to say bad things about tech CEOs and ask for more rules. She pushed the big social networks about false information when she was a senator. While Elizabeth Warren was running for president in 2020, she wanted to break up big tech companies. Harris was asked if he agreed that companies like Amazon, Google, and Facebook should also be broken up. She instead said that they should be “regulated in a way that we can make sure the American consumer is sure that their privacy is not being violated.”
Harris has also talked about the possibility of regulating AI as vice president. She and President Biden have said that they “reject the false choice that suggests we can either protect the public or advance innovation.”
Biden asked companies to set new rules for the development of AI in an executive order. Harris said that these “voluntary commitments are an initial step toward a safer AI future with more to come,” because history shows that when there aren’t rules and strong government oversight, some tech companies choose to put profit ahead of the well-being of their customers, the safety of our communities, and the stability of our democracies.
Marc Andreessen and Ben Horowitz, two venture capitalists, recently said that one reason they back Donald Trump is that they think the Biden Administration will “overregulate” AI.
Harris said, “We need to deal with the owner, and we have national security concerns about the owner of TikTok, but we have no intention to ban TikTok.” This was in response to a new bill that would ban TikTok if its parent company ByteDance doesn’t sell it.
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Harris hasn’t said as much about cryptocurrency issues, but it’s likely that she would back the Biden Administration’s crypto rules.
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