Rep. Ro Khanna: Jobs Will Be the Focus of White House A.I. Summit
*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.
James Whitley, Core Contributor at cypher, joins Cheddar News' Closing Bell, where he discusses the underlying factors that support a bounce-back for Bitcoin despite the token's recent slump.
Commercial and residential buildings account for 13% of carbon emissions in the U.S., according to the EPA, and one company says it has a solution. Runwise says it has updated the boiler and heating systems of thousands of buildings, and that its technology not only lowers carbon output but also saves landlords money. Lee Hoffman, Co-Founder and COO of Runwise, joined Cheddar Climate to discuss.
Following sales tech startup Scratchpad raising $33 million in Series B Funding, CEO and co-founder Pouyan Salehi joined Cheddar to discuss how his company's software works to help salespeople with an all-in-one workspace, integrating with Salesforce to optimize notes, spreadsheets, and other relevant information so businesses can forecast and make the best decisions. "If you look at other crafts like artists, they'll have studios; chefs, they'll have kitchens; scientists will have labs, and we just asked, well, if you look at sales as a craft, why doesn't something exist that is designed solely for a salesperson?" Salehi said about his workspace app.
Google could be gearing up to release its own wearable device as rumors swirl about a potential smartwatch with the Pixel brand. Jon Prosser, the creator of Front Page Tech, who tweeted a possible leak about the product, joined Cheddar's "Closing Bell" to discuss potential the benefits of it entering the same space as the Apple Watch. Prosser said, while he doesn't expect it to launch until at least 2023, the Pixel Watch will be "one of the most vital, most important wearables that we can have on the market," noting that it won't likely challenge Apple for much market share but will set the standard for other Android wearables to come.
Members of Congress have voted to advance a bill meant to address antitrust concerns related to tech giants including Amazon, Apple, Google, and Meta. The 'American Innovation and Choice Online Act' is largely seen as one of the best chances for the government to reign in Big Tech's dominance
Seth Schachner, Managing Director StratAmericas; Digital Business Executive joined Cheddar's Opening Bell to discuss.
The Federal Reserve released its highly-anticipated research weighing the pros and cons of a digital dollar in the U.S. The report comes as economic rivals like china have already piloted their own central bank digital currencies. Edward Moya, Senior Market Analyst, The Americas, Oanda, joined Cheddar's Opening Bell to discuss.
Verizon and AT&T officially launched their 5G wireless services Wednesday across the U.S. Despite pushback from U.S. airlines and the FAA over safety concerns, the telecom giants rolled out the next generation of wireless cellular technology, with speeds up to 20 times faster than 4G LTE. John Biggs, Editor, Tech Crunch joined Cheddar's Opening Bell to discuss.