*By Britt Terrell*
The rise of artificial intelligence and new automation will inevitably lead to the loss of some jobs across different industries, but it may also create entirely new careers for American workers.
What jobs disappear, and how fast they'll be replaced, may depend on how traditional industries and new technology companies cooperate, and how the government can help foster those partnerships, said Politico's technology reporter, Steven Overly.
“When the internet was created, I think a lot of folks also speculated it would replace a number of jobs and it has in some ways, but it has also created new jobs," Overly said Thursday in an interview with Cheddar. "It’s opened up new industries and so there are a lot of folks who are optimistic that with A.I., it will follow a similar path."
Many of the most optimistic folks from Google, Amazon, Facebook, and other tech firms discussed how A.I. technology may affect American workers at a White House summit Thursday.
Some blue-collar workers, such as truck drivers, are expected to be replaced by autonomous vehicles. The administration and representatives from the tech industry are considering new programs to train American workers on how to [use A.I. technology](https://www.washingtonpost.com/news/the-switch/wp/2018/05/08/white-house-will-host-amazon-facebook-ford-and-other-major-companies-for-summit-on-ai/) in new ways for new jobs.
"Certainly the administration has conveyed that they now view artificial intelligence as a national priority," said Overly. "And certainly there are many in the industry who say if the U.S. doesn’t take a stronger stance on this, we’re going to fall behind China, India and the E.U.”
For the full interview, [click here](https://cheddar.com/videos/white-house-hosts-a-i-summit).
As we round out 2018, we’re reviewing the year's biggest letdowns for investors. To commemorate all the epic fails, we ranked the biggest flops ー the companies that enjoyed a booming 2017, but fizzled in 2018.
Stocks plunged on Thursday for the second day running, as the renewed threat of a government shutdown over the Christmas holiday weekend contributed to residual market weakness after the Fed's latest rate hike.
To cap off a rough year for Snap Inc., employees have been told they won’t receive cash bonuses after the company failed to meet its business goals. Instead, top-performing employees are receiving a discretionary incentive bonus in the form of more stock, the people said. Snapchat's stock is trading at all-time lows.
CEO Mary Barra made national headlines when General Motors announced in late November that 14,000 salaried and hourly workers would be cut for the sake of the company's growth. Backlash against Barra was swift; it populated the White House Twitter feed and echoed through the hall of Congress.
Securly is a start-up with a simple mission: to keep kids safe online. And the artificial intelligence company has just raised $16 million in series B funding to expand the reach of its social media tracking capabilities to more parents and schools. “We are going to take this money and invest in research and development and scaling up sales and distribution across America,” CEO and co-founder Vinay Mahadik told Cheddar.
Proposed legislation in New York City would require “cashless" restaurants ー which only accept debit and credit cards and mobile payments ー to give customers the option to pay in cash, and fine any establishment that refuses to accept it. Jason Oxman, CEO of the Electronic Transactions Association, discussed the backlash against cashless retail with Cheddar.
This year marked the first voyage for Cheddar's weekly series Cheddar Rides, covering the changes happening in transportation and the future of getting from here to there. To celebrate the last episode of its inaugural year, Rides is looking at the road ahead.
What started with a joke on Twitter two years ago finally became a reality on Tuesday, as The Boring Company unveiled its first tunnel to the public under the SpaceX headquarters in Hawthorne, Calif. The big reveal of the 1.14-mile-long tunnel reflected both Musk's eccentric nature and the glitz and glam of Los Angeles, living up to the billionaire's promise that the event would be "more than a tunnel opening." Cheddar's Alyssa Julya Smith got a test ride in the first section of tunnel underneath L.A.
Facebook is doing damage control again after a New York Times report claims the company gave big tech companies such as Amazon and Microsoft more access to user data than previously disclosed. Plus, all eyes are on the Federal Reserve today, as the central bank is poised to raise interest rates for the fourth time this year. And Big Sean tells Cheddar what motivates him to give back to his community.
Actor Alfonso Ribeiro's case against Epic Games for its use of "the Carlton" dance in "Fortnite" might come down to a jury's sympathy, rather than copyright technicalities, intellectual property lawyer Gaston Kroub told Cheddar on Tuesday. "Could a sympathetic jury decide that these \[artists\] deserve something from 'Fortnite'? That's something that remains to be seen," said Kroub, a partner at Kroub, Silbersher & Kolmykov.
