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Significance
While the Biden administration attempted to balance the economic and national security benefits of artificial intelligence (AI) with concern about the risks associated with its use, the incoming administration will boost the sector while relying on industry self-regulation to mitigate risks.
Impacts
The appointment of Sacks, the former CFO of PayPal, to the ‘czar’ role indicates an overall pro-industry and pro-innovation approach.
While ‘Big Tech’ will benefit from US deregulation, it may also be affected by higher tariffs and possibly a continued antitrust drive.
‘Small Tech’, championed by other Trump tech-sector supporters such as Marc Andreessen, will find a mostly friendly environment.
Keywords:
United States,
NA,
industry,
politics,
computers,
deregulation,
foreign investment,
government,
legislation,
manufacturing,
policy,
technology
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
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