Source: Insider
Original title: Here's where Kamala Harris stands on tech issues including AI, Big Tech, and crypto
By Beatrice Nolan
Compiled by: BitpushNews Scott Liu
Kamala Harris is expected to win the Democratic presidential nomination after Joe Biden announced on Sunday that he was dropping out of the 2024 race. The vice president got off to a strong start, raising a record $81 million in the 24 hours after Biden announced he was giving up his bid for reelection and garnering enough support to win the nomination.
Harris was a former California attorney general before becoming a senator in 2017 and has long ties to the tech industry. Born in Oakland, she has deep ties in the Bay Area. She reportedly attended the 2013 wedding of former Facebook president and investor Sean Parker, and her brother-in-law Tony West is Uber's chief legal officer.
While some prominent Silicon Valley figures called on the tech community to support Trump and his former venture capital partner JD Vance, others quickly expressed their support for Harris. Silicon Valley "super angel" investor Ron Conway said on X: "The tech community must unite to defeat Donald Trump and save our democracy by supporting Vice President @Kamala Harris as the Democratic presidential candidate. I have known Kamala for decades and she has always been a fighter, leader, and advocate for the tech ecosystem."
Harris' stance on AI, big tech and cryptocurrency
Tech Allies
Harris is known for her reputation as a pro-business politician. She has close ties with several influential Silicon Valley figures, including Laurene Powell Jobs, who is worth more than $11 billion. According to the New York Times, Steve Jobs' widow may play a role in Harris' campaign.
Harris has received endorsements from LinkedIn co-founder Reid Hoffman and former Meta executive Sheryl Sandberg, who called her "the strongest candidate to lead America forward." Netflix executive chairman Reed Hastings also congratulated Harris in an X post on Tuesday, adding: "Now is the time to win."
Box CEO Aaron Levie also told The Information he hopes Harris can "reverse" the Biden administration's missed opportunities in mobilizing the tech industry behind the Democratic Party.
A new beginning for cryptocurrency?
Harris has yet to express a clear stance on cryptocurrencies, but some in the Bay Area hope she can bring a fresh start to the industry. The Biden administration has increased scrutiny of the industry following the FTX collapse in 2022. Meanwhile, with the support of his pro-crypto running mate JD Vance, Trump announced that he plans to become the first "crypto president."
Nigel Green, CEO of financial firm deVere Group, told Business Insider that Harris's views "reflect a cautious approach to the industry." "Such regulatory clarity could bring greater legitimacy to the industry, potentially attracting more institutional investors and mainstream adoption." Green said he expects Harris to become more supportive of cryptocurrencies as a way to effectively compete with Donald Trump, but for now "cryptocurrency investors may still prefer Trump."
Ensuring the safety of artificial intelligence amid innovation
Harris has played an active role in the Biden administration's AI policy. As vice president, she was warned of the risks AI could pose and held meetings with leaders in advanced AI development. Harris has previously said choosing between protecting the public and advancing technology is a false proposition.
Still, some venture capitalists, such as Marc Andreessen, have expressed concerns that a Biden administration would overregulate AI. In 2023, Biden signed an executive order on "safe, secure, and trustworthy AI development and use," setting safety standards for AI researchers to follow. However, critics say the order is weak on federal agencies, and Trump has vowed to overturn it.
Compiled by: BitpushNews Scott Liu
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