× HOME MARKET PULSE ABOUT FR

The 2024 US Presidential Election: A Turning Point for Tech and Global Technology Issues

The 2024 US presidential election will significantly impact global tech issues and America's tech leadership. Key focus areas include AI development, balancing innovation with regulation, and tech's role in national security. The election outcome will influence US approach to tech regulation, potentially aligning with or diverging from other global powers.

The 2024 US Presidential Election: A Turning Point for Tech and Global Technology Issues

The 2024 US presidential election will significantly impact global tech issues and America's tech leadership. Key focus areas include AI development, balancing innovation with regulation, and tech's role in national security. The election outcome will influence US approach to tech regulation, potentially aligning with or diverging from other global powers.

AI Regulation and Development

Artificial Intelligence is at the forefront of the technological debate. The next administration will play a crucial role in shaping the regulatory landscape for AI. A balance must be struck between fostering innovation to maintain US leadership and implementing safeguards to prevent misuse and mitigate risks such as bias and job displacement. The approach taken—whether it's a light-touch regulatory framework or stricter oversight—will have global ramifications, influencing international standards and cooperation.

Tech and National Security

Technology has become a central pillar of national security. The election will determine the direction of policies regarding semiconductor manufacturing, cybersecurity, and data privacy. The US-China tech rivalry is likely to remain a key issue, with the new administration deciding on the extent of export controls, investment restrictions, and efforts to decouple critical supply chains. Ensuring the resilience of digital infrastructure against cyber threats will also be a top priority.

Antitrust and Big Tech

The scrutiny of Big Tech companies regarding antitrust and competition issues is expected to continue. The election could lead to shifts in the enforcement of antitrust laws, potentially affecting the business models of major tech giants. Debates around content moderation, platform liability (Section 230), and user privacy will also feature prominently, with potential legislative changes on the horizon.

Global Tech Leadership

The US's ability to lead in emerging technologies like quantum computing, biotechnology, and clean energy will be influenced by the election outcome. Investment in research and development, STEM education, and attracting global talent are critical factors. The administration's stance on international collaboration and trade agreements will also shape the global technology ecosystem.

In conclusion, the 2024 election is not just a political event but a pivotal moment for the future of technology. The decisions made by the next administration will echo through the tech industry and the global economy for years to come.

Sources:

  • Tech Policy and the 2024 Election, Brookings Institution
  • The Future of AI Regulation in the US, Center for Strategic and International Studies
  • US-China Tech War: What's Next?, Foreign Policy