Significance Biden's presumptive replacement, Vice President Kamala Harris, is a familiar face in Silicon Valley, which for many election cycles has been a reliable source of funding for Democratic candidates. Disillusionment with Biden caused this support to dwindle during this cycle. Impacts Trump's embrace of industrial policy and his belligerent China policy risk unpredictable consequences for the tech sector. Large Democratic-leaning workforces will constrain Big Tech bosses from publicly backing Trump. Harris's Los Angeles connections may be as, if not more, beneficial to reinvigorating Hollywood's support for Democrats as Silicon Valley's. AI and crypto start-ups fear a Democratic administration would over-regulate AI and digital assets, while Trump would allow them free rein.
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