The analyst is offering his view on the impact of the US presidency change on the technology department
According to GlobalData’s analyst, David Bicknell, after the victory of Joe Biden as the new President of the United States, now there are two main goals for Biden’s presidency. While offering his view on the impact of the US presidency change on the technology department, he suggested that tech regulation will be a key goal of the new presidency.
Biden’s four-year regime will offer new opportunities regarding political consensus that major changes need to take place to rein in big tech, with more focus on departments of antitrust and misinformation, he further added.
He explained that the elections and the COVID-19 pandemic have shown the world how badly misinformation can impact individuals as well as democracy and in this regard. It is expected that big tech companies will be widely targeted and held responsible for what’s being published on their platforms and especially their ad targeting campaigns.
GlobalData’s report also suggested that the United States’ relationship with China in the technology sector needs to take a wider perspective than only trying to contain the latter’s ambition. Joe Biden’s administration will need to ensure that the US stays ahead of its tech rival in major areas of tech like semiconductors, advanced materials, and AI.
Driving big tech regulation and making sure that the US stays ahead of China in areas of advanced technology will be major but important challenges for newly elected Biden’s administration.
We’ve reported that the impact of the 2020 US presidential elections on crypto is unclear until the new policies by Joe Bide, the winning candidate starts to set once he joins the White House.