AI Regulation Takes Center Stage in 2024 US Presidential Campaign
The 2024 US presidential campaign highlights contrasting views on technology regulation between the Biden-Harris administration and Donald Trump. Biden focuses on mitigating AI harms and enforcing stricter antitrust and cryptocurrency regulations, while Trump previously initiated the American AI Initiative but opposes Biden's AI order repeal efforts. Data privacy, though emphasized by Biden, remains without comprehensive federal legislation.
In the 2024 US presidential campaign, technology regulation, particularly artificial intelligence (AI), is a prominent issue.
The Biden-Harris administration has emphasized the need to mitigate algorithmic harms, technological standards, antitrust policies, and cryptocurrency regulation.
Vice President Harris discussed AI concerns like algorithmic bias and deepfakes at the AI Safety Summit in 2023, while President Biden signed an AI-focused executive order in October 2023.
In contrast, the Trump administration, while initiating the American AI Initiative, focused less on algorithmic harms mitigation and sought to repeal Biden's AI order.
Both administrations have pursued antitrust actions, but Biden's approach aims further to reorganize tech giants.
On cryptocurrency, Trump had a mixed stance, leaning towards making the US a Bitcoin leader, whereas Biden emphasized regulatory restrictions.
Data privacy remains inadequately addressed at the federal level, with Biden urging Congress for comprehensive legislation.
The Biden administration's broader regulatory push seeks to control tech companies and protect consumers, marking a significant difference from Trump's policies.