2 months ago
Marc Andreessen and Ben Horowitz, co-founders of the salient task superior steadfast Andreessen Horowitz (a16z), person publically endorsed erstwhile President Donald Trump owed to his supportive policies regarding technology, including crypto and AI.
The 2 founders announced their enactment connected July 17 during an quality connected “The Ben & Marc Show” podcast. The determination marks a important departure for Andreessen, who has a past of endorsing Democratic candidates.
The endorsement is based connected the content that Trump’s policies are more advantageous for the exertion assemblage and comes amid increasing support for the erstwhile President successful Silicon Valley.
Horowitz acknowledged the contention their governmental stance mightiness generate, saying:
“I privation we didn’t person to prime a side.”
However, helium besides emphasized that the aboriginal of their concern and American exertion is astatine stake. The co-founders further argued that technological innovation is important for the US to support its economical and subject dominance.
Andreessen Horowitz, founded 15 years ago, manages implicit $42 cardinal successful assets, making it 1 of the largest task investors successful Silicon Valley.
Biden policies nether fire
The a16z co-founders said during the podcast that Trump’s stance toward exertion is mostly much favorable than the Biden administration, particularly regarding artificial quality (AI) and crypto regulation.
They besides criticized the existent authorities for excessive regularisation and unnecessary taxation that stifles startup growth. Andreessen expressed peculiar interest astir the Biden administration’s attack to AI regulation, fearing it could disadvantage the US compared to planetary competitors.
Horowitz recounted a caller meal with Trump, during which the erstwhile president emphasized the value of winning the AI contention against China. He said:
“What helium said to america is, ‘[AI] is precise scary, but we perfectly person to triumph due to the fact that if we don’t win, China wins.'”
The co-founders besides praised Trump’s enactment for the crypto sector, contrasting it with what they described arsenic punitive taxation policies nether Biden.
They added that they specifically reason the connection to taxation unrealized superior gains, arguing that it would harm startups by taxing them connected valuation increases that are not liquid.
Shift from Democratic roots
Marc Andreessen’s enactment for Trump signals a large displacement from his longstanding Democratic affiliations. Historically, helium has backed a bid of Democratic candidates, including Bill Clinton, Al Gore, John Kerry, Barack Obama, and Hillary Clinton — reflecting his alignment with their policies successful the past.
However, his existent enactment for Trump is driven by a content that the erstwhile president’s policies amended enactment the tech industry’s maturation and innovation.
Andreessen and Horowitz highlighted that technological prowess, on with economical spot and subject capability, has been indispensable for US supremacy implicit the past century.
They credited America’s technological borderline for its peaceful triumph implicit the Soviet Union during the Cold War, highlighting the strategical value of tech successful nationalist security.
The station Andreessen Horowitz founders interruption fertile to endorse Trump owed to his enactment for Bitcoin, AI appeared archetypal connected CryptoSlate.
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