The U.S. technology sector has long been a driver of global economic growth. From the PC to the Internet, the greatest advancements of the past 50 years were spawned in the U.S. This country's unique approach to limited regulation combined with public-private partnerships creates an environment for innovation generally unmatched in the free world. A national AI strategy can build on this history of economic and technological leadership.
Paul Daugherty, an executive from Accenture who attended the summit, said they addressed concerned about robots replacing humans in the workplace. “The fear that we have is in the short and medium term, there will be displacement as certain jobs are automated by artificial intelligence,” he said. However, the real issue, he said, is not the lack of jobs but the fact that there is a very large skills gap.
The White House has set up a new task force dedicated to US artificial intelligence efforts, the Trump administration announced today during an event with technology executives, government leaders, and AI experts. The news and the event, which was organized by the federal government, are both moves to further the country’s AI development, as other regions like Europe and Asia ramp up AI investment and R&D as well.
Artificial intelligence is an emerging field that provides new benefits and capabilities, according to Ed McLaughlin, MasterCard president of operations and technology, “I don’t think there’s a company, an industry, a country which isn’t interested in advancing artificial intelligence right now,” he told Liz Claman during a FOX Business interview on Wednesday.
The White House on Thursday will host a summit with major technology companies to discuss the development of artificial intelligence (AI). In total, over 100 senior government officials, academics, research and business leaders will participate, according to the White House. Their talks will focus on AI research and development and regulations.
Artificial Intelligence is no longer just contained in science fiction films. It is a part of our everyday lives and in our classrooms. As we use tools like Siri and Amazon’s Alexa, we are just beginning to see the possibilities of AI in education. And, we should expect to see more.
J.P. Morgan Chase hired a veteran professor as head of artificial intelligence research as the investment bank prepares for wider adoption of automation.
Because AI systems get smarter as they analyze more data, when you get ahead by a month, you’re ahead by a year, and when you get ahead by a year, you’re ahead by a decade. China is quickly getting ahead by a year or more, which means it might not be catchable. While the West contemplates adding to the regulatory burden of tech companies, China has cleared the way for the likes of Tencent and Alibaba BABA, to innovate.
According to a study published last week, the United States is quickly falling behind other developed nations in preparing workers for a future driven by AI and automation. The Automation Readiness Index looks at 25 advanced economies to determine which is making the greatest strides in preparing their workforce for an automated future.
In Dr. Howard’s 2017 paper in The Science and Engineering Ethics Journal, “The Ugly Truth About Ourselves and Our Robot Creations: The Problem of Bias and Social Inequality,” she points out that the biases of the world at large appear to have crept into artificial intelligence. “Intelligent though they may be, these algorithms maintain some of the same biases that permeate society.