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.
The CEO of ad cybersecurity firm CHEQ, Guy Tytunovich, told Cheddar that "fake news" is a "major, major problem" costing people control of their lives globally.
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While grassroots support is nothing new, the online nature of Yang supporters shows how outsider campaigns with less infrastructure leverage technology and online spaces to get noticed.
The surprise rejection of Amazon Web Service's bid on October 25 raised eyebrows because the company had appeared to be the frontrunner thanks to its extensive experience with cloud computing.
Commerce Secretary Wilbur Ross and White House economic advisor Larry Kudlow made remarks that predict phase one of a trade deal with China is nearing completion, though the president has yet to signal his approval.
These are the headlines you Need 2 Know for Friday, November 15, 2019.
Rep. Eric Swalwell (D-Calif.) told Cheddar that the Republican lead counsel, Stephen Castor, was tasked with an impossible job.
President Trump thanked Recep Tayyip Erdogan in a joint press conference for working closely with the U.S. on several Middle East issues while noting the "challenges" created by Turkey's purchasing of Russian military equipment.
Federal Reserve Chairman Jerome Powell testified at the annual meeting of the Joint Economic Committee of Congress and said policymakers are unlikely to cut rates again in the short-term.
House Intelligence Committee Chairman Adam Schiff and Ranking Member Devin Nunes laid out the competing narratives of the impeachment inquiry into President Donald Trump Wednesday morning.
