*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
Venture Capital Firms Look Beyond Silicon Valley to Invest in Tech StartUps
Steve Case, Revolution Ventures CEO, joined Cheddar to discuss progress venture capitalists have made over 2021 and where investors are looking beyond Silicon Valley. Other locations VC firms are exploring include Los Angeles, Philadelphia, and Chicago among others. "Historically there's been a brain drain in a lot of these cities, people leaving for opportunity elsewhere. Now, people are staying," he said of the emerging tech hubs. "There tends to be a collaborative effort in the community to really support startups to recognize the future of the community."
Nasdaq On Track To Beat NYSE In Record IPO Year
According to data from Dealogic, the Nasdaq is on track to beat the NYSE in IPOs this year, raising $191 billion so far, compared with the NYSE's $109 billion. Louis Cordone, senior president of Data Strategy at AST, discusses why 2021 was so successful for IPOs, and what differentiates the two exchanges.
Bitcoin, Other Cryptos Plunge In Weekend Sell-Off
Bitcoin took a nosedive over the weekend, falling to its lowest price level in nearly two months. According to data from Coindesk, the crypto dropped more than 20% to $42,000 on Saturday before rebounding some. Prices of Ether, Dogecoin and Shiba Inu dropped as well, with Ether tumbling by more than 15%at one point. Lance Ippolito, head trader at the Future of Wealth, joined Cheddar to discuss why crypto plummeted and what to expect next.
Load More