How the elections in the USA will change the future of technology

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Abstract generation in progress

Silicon Valley is no longer sitting in the shadows. In the 2024 elections, technology giants are stepping into politics in large numbers for the first time — Musk donated $75 million, crypto investors and ventures from Y Combinator are chipping in millions. This is not just support for candidates, but a bet on their future.

Why did Silicon Valley split?

The divergence is simple: under Biden, tech giants have faced blows in crypto, increased regulation, and antitrust cases against Apple, Google, Amazon. This is a threat to them.

Trump Camp (Musk, crypto community, ventures):

  • Bet on deregulation and tax reduction
  • Crypto will receive legal status as a reliable asset
  • Free market instead of control over AI

Harris Camp (Bill Gates, Y Combinator, Ripple):

  • Moderate regulation ( is not a ban, but a control )
  • Support for immigration ( is important for hiring talent )
  • Investments in clean energy and AI risk management

Three Technological Battles That Will Be Decided by Choice

1. AI: who will write the rules? Trump - businesses should be allowed to self-regulate. Harris - the state must control the risks of superintelligence. This affects the pace of innovation and spending on security.

2. Crypto: rehabilitation or prohibition? Under Biden, crypto companies were pariahs. Now about 50% of donations to both candidates come from the crypto industry. Trump openly says - Bitcoin reserves will be tapped. Harris softened her position, but does not promise a revolution.

3. Energy: nuclear and clean vs traditional? Harris is committed to clean energy. Trump is focused on oil and gas extraction. This affects investments in energy startups.

What is changing for tech giants?

Apple, Google, Amazon are facing regulations from all sides:

  • Harris: more control over privacy and monopolies
  • Trump: tax cuts for American companies, increases for foreigners

For high-income individuals and companies in Silicon Valley, Trump's policies are less financially burdensome.

Final verdict

Silicon Valley is waiting for a golden period, but the path there depends on who wins. Trump means less control, lower taxes, more crypto-bros and energy tradition. Harris means regulated growth, talent from abroad, investments in future technologies.

In any case, the global economy and competition with China mean that technological investments will remain a priority. But the directions will be very different.

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