*By Alisha Haridisani* Dozens of Silicon Valley executives are scheduled to descend on the White House for a summit meeting Thursday to discuss how artificial intelligence can be used to strengthen the economy. “I think the big question is ‘what are the new jobs going to look like?’” said Representative Ro Khanna, a Democrat from California’s tech-heavy 17th district. The summit, organized by the Office of Science and Technology Policy, will provide a forum for tech leaders and lawmakers to discuss how manufacturing, transportation, and healthcare can integrate A.I. without losing too many jobs and, hopefully, creating new ones. A.I. is expected to automate at least 13 million jobs in the United States, according to a [paper](https://www.oecd-ilibrary.org/docserver/2e2f4eea-en.pdf?expires=1525898765&id=id&accname=guest&checksum=0EC91AF21400A0A43F18E3466CB1449A) published by the international Organization for Economic Co-Operation and Development (OECD) earlier this year. The paper also predicted that the effect on America's workforce may be greater than the disruption caused by automation of the auto industry in the 1950s, which resulted in large job losses in some local economies. “You’re not just going to solve that issue by tax cuts or corporate giveaways,” said Khanna. “You really need to prepare a workforce for the jobs of the future." Michael Kratsios, the White House's deputy chief technology officer, recently [told The Washington Post](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/?noredirect=on&utm_term=.610bec66f6d7) the potential applications for A.I., robots and machine learning touched nearly every industry. “Whether you’re a farmer in Iowa, an energy producer in Texas, a drug manufacturer in Boston, you are going to be using these techniques to drive your business going forward,” Kratsios was quoted by The Post. Khanna said the potential far-reaching impact of new technology required the administration to come up with a detailed plan for preparing American workers. "I thought the president, who made his reputation on ‘The Apprentice,’ would announce a lot of apprenticeship and tech programs," he said. Alphabet, Microsoft, Facebook, Amazon, and IBM are reportedly among the companies that will attend the meeting at the White House with academics and lawmakers.

Share:
More In Technology
Investors May Be Wary of Ford Due to Ongoing Supply Chain Issues
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Pinterest Reports Strong Q4 Earnings Beat
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks Close at Session Lows, Tech Rout Drags on Nasdaq
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
Spotify Beats Earnings Expectations, Projects Tame User Growth as it Deals with Joe Rogan Controversy
Spotify beat fourth quarter earnings expectations, and also reported a jump in monthly active users and in paid subscribers. The report comes as the company grapples with a new question: is it simply a streaming platform, or is it a media company responsible for the content it posts, like Joe Rogan's controversial podcast? Greg Martin, Co-Founder of Rainmaker Securities, joins Closing Bell to discuss why the stock took a hit even though earnings results were positive, how the company can move forward through the Rogan controversy, and more.
Load More