White House to convene meeting with companies on future of AI in US Industry

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White House under the leadership of US President Donald Trump is all set to convene a meeting on Thursday on the future of AI in the US Industry. The companies which have received an invitation from the trump administration include Facebook, Inc, Amazon, Google parent Alphabet Inc and Oracle Corporation.

Intel Corporation, Ford Motors, and the head of Boeing Co, along with representatives from Microsoft Corporation, Accenture, and
MasterCard Inc will also be present at the daylong event which will look at AI innovation along with Research and Development and remove barriers to application development in US Military.

The news is out that representatives from the Pentagon, US Departments of Agriculture, Commerce, Energy, Health and Human Services, Labor and Transportation will also be taking part in the event.

Other companies which are set to send their executives are IBM Corp, Bank of America Corp, General Electric Co, Johnson & Johnson, JPMorgan Chase & Co, Pfizer Inc, Walmart Inc, Whirlpool Corp, CVS Health Corp, and United Airlines.

Dean Garfield, the President and Chief Executive of the Information Technology Industry Council called the event as a vital step to build collaboration between the AI industry and the government.
Garfield added that the tech sector should ensure that the Americans reap the benefits of the evolving technology of AI which can save lives, improve food harvest and transform education and more. And events such as the one organized by the white house will ensure that the benefits reach to the businesses in time and in an efficient way.

Readers of Cybersecurity Insiders should notify a fact that UK announced a fund of 1 billion pounds last month to develop the AI industry in its region. At the same time, European Union also announced that it would boost AI investment by about 70% to 1.5 billion Euros by 2020. In March 2018, France president Emmanuel Macron announced that his country will be investing $1.85 Billion in Euros into AI research and development up to 2022.

Perhaps, expectations are ripe that Trump Administration is also set to announce investments in AI on a large scale at tomorrow’s event to help companies compete with firms in other countries- particularly China and Russia.