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Billionaire Investor Vinod Khosla Says FTC Chair Lina Khan ‘Not A Rational Human Being”

Jun 19, 2024 - forbes.com
Silicon Valley investor Vinod Khosla criticized Federal Trade Commission chair Lina Khan, stating she was irrational and unfit for her role. Khosla, co-founder of Sun Microsystems and a prominent tech investor, made these comments at the Collision Conference in Toronto, possibly in response to Khan's enforcement of government antitrust regulation. Khan, who has held her FTC position since 2021, has been investigating the investments and partnerships of big tech companies to ensure they don't monopolize the market, making it harder for investors like Khosla to profit from the sale of smaller companies.

Khosla, while not against regulation, believes it has been over-enforced, negatively impacting economic policy. He also expressed concern over the U.S.'s techno-economic war with China, advocating for concentration in the market to ensure the U.S. leads in technology. Despite his criticism of Khan, there are differing opinions on the most effective and fair path forward for technology and business in the U.S.

Key takeaways:

  • Vinod Khosla, a legendary Silicon Valley investor, criticized Federal Trade Commission chair Lina Khan, stating she was not rational and unfit for her role.
  • Khan has been vocal about enforcing government antitrust regulation, which has led to investigations into the investments and partnerships of big tech companies like Alphabet, Amazon, and Microsoft.
  • Khosla, who co-founded Sun Microsystems and has invested in many other companies, believes that while regulation is necessary, it has gone too far and is bad for economic policy.
  • Khosla argues that the current level of market concentration in the U.S. is necessary to win the 'techno-economic war' with China and to achieve the best possible AI technology.
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