Silicon Valley leaders expressed dissatisfaction with Biden-era barriers to innovation, citing antitrust enforcement and regulatory issues. They reflected on a shift away from the party of innovation, with concerns about tech-bashing and negative impacts on the entrepreneurial climate. Comparisons were made to Trump-era policies which deepened challenges. China's advancements in technologies such as AI and quantum computing are seen as significant threats to American leadership. Experts argue a coherent strategy is needed to rebuild the U.S. innovation economy and compete effectively in a rapidly evolving global landscape.
Throughout my campaign for Congress last year, I heard repeated griping from Silicon Valley business and technology leaders about Biden-era barriers to innovation. Many shared frustrations with blunderbuss antitrust enforcement, foot-dragging on Medicare approvals for life-saving drugs, regulation by litigation, or red tape.
If China wins the race to artificial general intelligence or quantum computing, Beijing will write the rules that govern the 21st century. We will be playing in China's world.
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