Artificial Intelligence (AI), Automation, and the Economy Report

Artificial Intelligence (AI), Automation, and the Economy was the topic of a White House press call on Tuesday, December 20, 2016 featuring Jason Furman Chairman of the Council of Economic Advisers and Ed Felten, Deputy chief Technology Officer, White House Office of Science and Technology Policy. Jason Furman, Chairman of the Council of Economic Advisers discussed three strategies of the Council of Economic Advisers, investing in development of artificial intelligence, educate and train Americans and "aid workers in the transition and power through shared growth."  

In a report in October of 2016 the Obama administration dedicated :
             

  • $165 million in public and private funds to support cities in using technology and data to tackle critical quality-of- life challenges, such as traffic congestion.
  • 50 million in Federal funds to fuel a revolution in small-satellite technology that could provide capabilities such as ubiquitous high-speed Internet connectivity and continuously updated imagery of the Earth. 


Artificial intelligence is also for the government to monitor space-weather events.

The Artificial Intelligence Automation, and the Economy report was produced by a team from the Executive Office of the President including staff from the Council of Economic Advisers, Domestic Policy Council, National Economic Council, Office of Management and Budget, and Office of Science and Technology Policy.  John P. Holdren Chair, Council of Economic Advisers Director, Office of Science and Technology Policy Cecilia Muñoz Megan Smith Director, Domestic Policy Council U.S. Chief Technology Officer Jeffrey Zients director, National Economic Council

Artificial intelligence, "increased the productivity of those engaged in abstract thinking, creative tasks, and problem-solving and was therefore at least partially responsible for the substantial growth in jobs employing such traits," read the Artificial Intelligence, Autonomy and the Economy report released by the White House on December 20, 2016.

Software developer and engineers are needed in the future to produce artificial intelligence in electronics.  CEA Chair Jason Furman said in the report “that we do not have enough [of it].”

 "The lack of gender and racial diversity in the AI-specific workforce mirrors the significant and problematic lack of diversity in the technology industry and the field of computer science more generally,"the report reported.

The World Economic Forum said we are headed towards the "Fourth Industrial Revolution." ARtificial intelligence is automatic cars and a lifestyle technology controlled. 

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