Founders of venture firm Andreessen Horowitz, Marc Andreessen and Ben Horowitz, plan to make significant donations to pro-Trump super PACs, joining other tech figures like Joe Lonsdale and the Winklevoss twins in supporting Trump's campaign.
President Joe Biden has vetoed H.J.Res. 109, a resolution aimed at overturning the SEC's guidance on how banks should handle customers' crypto assets, which requires treating them as liabilities. Critics argue this makes it too costly for banks to offer crypto custody services, while supporters say it's necessary to protect investors. Biden emphasized the need for appropriate regulatory guardrails and expressed willingness to work with Congress on a balanced framework for digital assets.
House Judiciary Committee Chairman Jim Jordan and House Republicans are demanding Google's parent company, Alphabet, explain the influence of the Biden administration on its controversial Gemini AI program, which has faced backlash for showing historical figures inaccurately and failing to condemn pedophilia. Jordan's letter to Alphabet raised concerns about potential bias and censorship, citing alleged alignment with the Biden White House Executive Order and "improvements" to Gemini showing clear bias. The Committee is investigating potential First Amendment violations and has requested documents on the creation and deployment of the AI chatbot.
The year 2024 is pivotal for global democracy with over 80 national elections impacting 52% of the world's population. These elections face unprecedented threats from disinformation, foreign influence, and the misuse of generative AI tools, exacerbated by technology companies' reduced focus on trust and safety teams. Social media platforms play a critical role in information dissemination, yet they struggle with content moderation and are subject to diverse and sometimes conflicting regulations worldwide. The integrity of the electoral process is at risk, and there is an urgent need for governments, civil society, and tech companies to collaborate and invest in measures to protect democratic processes. Initiatives include increasing support for information monitoring, engaging local civil society, understanding the impact of AI on information flow, and educating voters on discerning credible information.