President Joe Biden announced, 'It has been the greatest honor of my life to serve as your President,' stating he will not seek reelection but focus on his duties.
Biden's statement thanked VP Kamala Harris and did not endorse another candidate, amid pressure from the Democratic Party and tech figures for him to step aside.
Venture capitalist Michael Moritz called for Biden to step down, pausing his donations, while another VC co-authored a plan for a 'blitz primary' to select Biden's replacement.
A global technology infrastructure outage caused by CrowdStrike software update disrupted major airlines, emphasizing reliance on technology in today's world.
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