Here’s My Prediction for the Tech Sector If Biden Is Re-Elect

The tech sector is an undeniable giant—and it’s only getting bigger. Deborah Perry Piscione knows a lot about money and technology. She founded Work3 Institute and thinks about how government affects business.

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Here are her predictions for what might happen to technology in America if President Joe Biden is re-elected.

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Big focus on clean energy

Piscione believes Biden will focus on making America a leader in clean energy.

“If Joe Biden were to secure reelection, his technology agenda would likely prioritize mass mobilization for clean energy dominance,” she said. That means the government could give more money to people and companies that use clean energy. They could also spend more money on inventing new ways to produce clean energy.

“The plan would likely include ambitious, legally binding targets for electric vehicle adoption, coupled with a nationwide expansion of charging infrastructure equivalent in scale to the interstate highway system,” she added.

Put simply: more electric cars and more places to charge them.

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Better Internet for Everyone

Piscione believes Biden will work to ensure that everyone in America has the ability to use the internet.

He believes that “Biden can increase funding for rural broadband initiatives, support urban broadband projects and implement programs that make internet access more affordable for low-income households.”

The results? Helping people in villages and cities get better, cheaper internet.

Rules for Smart Computers

Piscione said Biden could introduce new regulations on artificial intelligence (AI), or highly intelligent computers.

“This could include establishing an AI Bill of Rights to protect against discrimination based on AI, creating a federal AI research agency to coordinate and fund AI development, and implementing guidelines for the ethical use of AI in both the government and private sectors,” she added.

In other words, he believes that action should be taken to ensure the regulation of AI.

Repair of old power lines

Piscione mentioned that Biden may want to fix the old American energy system.

She said there could be an “energy (modernization) of our 40-year-old grid through artificial intelligence.”

In other words: new technology that will make our electricity work better.

Clear rules for digital money

Finally, Piscione believes Biden will establish clear rules for digital money like Bitcoin.

The story continues

She said that in addition to AI, we need “clear regulations governing cryptocurrencies and other digital assets so that we do not lose the AI ​​race like we did with semiconductor development.”

The goal would be to ensure that America doesn’t fall behind when it comes to new types of technology.

Why these elections are important

“The upcoming elections represent a key moment where the inextricable link between politics, economic competitiveness and technological progress will be clearly demonstrated,” she said.

This means that whoever becomes president could impact America’s performance in technology and business.

“In essence, the coming election will not be just about choosing a leader, but about setting a course for America’s technological future and, by extension, its place in the evolving global order.”

Voting in the presidential election is also a choice about what kind of future we want for American technology.

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This article originally appeared on GOBankingRates.com: I’m an Economist: Here’s My Forecast for the Tech Sector If Biden Is Re-Elect