It is up to the federal government to make sure America embraces rapid technological change in a way that is “positive for as many of our citizens as possible,” said Rep. John Delaney (D-MD).
In an interview with Cheddar, the Congressman said he doesn’t believe such progress is a threat to the labor market.
“Innovation generally creates more jobs than it displaces,” said Delaney. “But the problem is oftentimes the jobs that get created by innovation are not located in the same places where the jobs that were displaced are located.”
He pointed out that 80 percent of venture capital in this country goes to just California, New York, and Boston, which means that innovation and job creation is highly concentrated in and around those places.
“I think that will continue unless policymakers do things to make sure more of our country has the opportunity to have people invest in their communities and kind of benefit from this innovation.”
Delaney founded the A.I. Caucus to do just that. Comprised of lawmakers from both sides of the aisle, the group strives to work with the private sector to come up with policy ideas that can help the country keep up with technological change.
“I just want to make sure we don’t leave huge parts of the country behind,” he said.
Phumzile Mlambo-Ngcuka is launching a new global program called "Generation Equality: Realizing women's rights for an equal future," a partnership between UN Women, the World Economic Forum, the private sector, and Gates Foundation.
Republican Senator Mitt Romney from Utah told Cheddar he would be interested in hearing from John Bolton as the president's impeachment trial defense headed into its final day.
Speaking before Trump's attorneys begin their final day of defense arguments in the impeachment trial Schumer maintained Democrats would not bargain on witnesses.
U.S. officials say President Donald Trump's long-awaited Middle East peace plan calls for the creation of a State of Palestine with its capital in portions of east Jerusalem.
These are the headlines you Need 2 Know for Tuesday, January 28, 2020.
The Republican senator from Texas gave some indication that he was curious about the alleged bombshell manuscript by former national security advisor John Bolton that might further implicate President Trump in his trial.
Trump's lawyers on Monday brushed past the extraordinary allegations in the draft of a new book by his former national security adviser as the legal team made historical and legal arguments for acquittal.
GOP and Dem senators offered different reactions to a bombshell New York Times report that ex-National Security Advisor John Bolton wrote in a manuscript that President Trump told him that he froze aid to Ukraine in exchange for a Biden investigation.
U.S. stocks fell sharply Monday as investors worry about the potential economic impact of the outbreak of a new virus from China. The declines in the U.S. followed a sell-off in markets in Europe and Japan.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
