Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Trump administration unveils order to prioritize and promote AI

Published 02/11/2019, 09:53 PM
Updated 02/11/2019, 09:53 PM
© Reuters. President Donald Trump departs to the Walter Reed National Military Medical Center in Bethesda

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday signed an executive order asking federal government agencies to dedicate more resources and investment into research, promotion and training on artificial intelligence, known as AI.

Under the American AI Initiative, the administration is directing agencies to prioritize AI investments in research and development, increase access to federal data and models for that research and prepare workers to adapt to the era of AI.

There was no specific funding announced for the initiative, but the White House wants better reporting and tracking of spending on AI-related research and development.

The White House said investment in AI is "critical to creating the industries of the future, like autonomous cars, industrial robots, algorithms for disease diagnosis, and more."

The initiative aims to make sure the United States maintains its advantage in AI development and related areas, such as advanced manufacturing and quantum computing.

Trump, in his State of the Union speech last week, said he was willing to work with lawmakers to deliver new and important infrastructure investment, including investments in the cutting-edge industries of the future, calling it a "necessity."

Michael Kratsios, a White House science adviser, said in an essay in Wired magazine on Monday that "with proper leadership, AI can empower American workers by liberating them from mundane tasks."

"AI is something that touches every aspect of people's lives," a senior administration official told reporters on Sunday. "What this initiative attempts to do is to bring all those together under one umbrella and show the promise of this technology for the American people," the official said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

AI and deep machine learning raise ethical concerns about control, privacy, cybersecurity, and is set to trigger job displacements across industries, companies and experts say.

A 2018 study from PwC said 30 percent of jobs are at potential risk of automation by the mid-2030s, including 44 percent of workers with low education. At the same time, the study found automation could boost global gross domestic product by $15 trillion by 2030.

The White House held a meeting on AI in May with more than 30 major companies from a variety of industries, including Ford Motor (NYSE:F) Co, Boeing (NYSE:BA) Co, Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT), vowing not to stand in the way of its development.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.