A political novice, Yang built his campaign around his signature “Freedom Dividend” proposal, which would have given every American adult a universal basic income of $1,000 per month. That proposal, and much of his campaign, were animated by the desire to counter the effects of automation on the U.S. workforce.

Although Yang managed to turn his fervent fan base into significant fundraising success and a spot on nearly every primary debate stage, support for the upstart entrepreneur ebbed at the polls. Though he outlasted sitting governors and members of Congress in the race, and consistently polled in the middle of the field, Yang turned in a pair of disappointing finishes in Iowa and New Hampshire, finishing with 1 percent and 2.8 percent of the vote, respectively.

The former candidate joins a stable of presidential also-rans at CNN, including 2016 GOP presidential candidates Rick Santorum and John Kasich. But Yang has hinted another presidential run in the future and has been discussed as a potential candidate for New York mayor — something his team did not rule out Wednesday.

"Andrew Yang and his bold vision for the country are not going anywhere," said Zach Graumman, Yang’s campaign manager.

Eugene Daniels contributed to this report.