On July 17, Andreessen Horowitz (a16z) co-founders Marc Andreessen and Ben Horowitz announced their support for Trump in the 2024 presidential election. Andreessen said that although he has been a Democratic supporter in the past, he now believes Trump's policies are more beneficial to the tech and startup ecosystem. The two explained that the Biden administration's over-regulation and tax policies, especially the proposal to tax unrealized capital gains, have severely affected start-up companies and technological innovation. Trump, on the other hand, has shown a more open and supportive attitude on artificial intelligence and cryptocurrency regulation. Horowitz also mentioned that during their dinner with Trump, Trump said that while AI is worrying, the United States must win in this area or it will be surpassed by China.