Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

White House to hold artificial intelligence meeting with companies

Published 05/08/2018, 10:20 PM
© Reuters.  White House to hold artificial intelligence meeting with companies

By David Shepardson

WASHINGTON (Reuters) - The White House will convene a meeting on Thursday on the future of artificial intelligence in U.S. industry with major companies including Facebook Inc (NASDAQ:FB), Amazon.com Inc (NASDAQ:AMZN), Google parent Alphabet (NASDAQ:GOOGL) Inc and Oracle Corp (NYSE:ORCL) as well as senior government officials.

Intel Corp (NASDAQ:INTC) CEO Brian Krzanich and the chief technical officers of Ford Motor (NYSE:F) Co and Boeing (NYSE:BA) Co are due to take part, along with executives from Mastercard Inc (NYSE:MA), Microsoft Corp (NASDAQ:MSFT) and Accenture, the White House said on Tuesday.

The Pentagon and the U.S. Departments of Agriculture, Commerce, Energy, Health and Human Services, Labor and Transportation are due to take part in the daylong event that will look at artificial intelligence (AI) innovation and research and development and removing barriers to its application.

"AI is quickly transforming every segment of American industry - from applications in precision agriculture and medical diagnostics to advanced manufacturing and autonomous transportation," the White House said.

Other companies taking part include IBM (NYSE:IBM) Corp, Bank of America Corp (NYSE:BAC), General Electric (NYSE:GE) Co, Johnson & Johnson (NYSE:JNJ), JPMorgan Chase & Co (NYSE:JPM), Monsanto (NYSE:MON) Co, Pfizer Inc (NYSE:PFE), Walmart (NYSE:WMT) Inc, Whirlpool Corp (NYSE:WHR), CVS Health Corp (NYSE:CVS) and United Airlines.

Facebook Vice President of AI Jerome Pesenti, Google senior research scientist Greg Corrado and the presidents of California Institute of Technology and Carnegie Mellon University also are set to participate.

Dean Garfield, president and chief executive of the Information Technology Industry Council, called the event "an important step to building collaboration between government and industry."

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

"The tech sector is committed to ensuring that all Americans reap the benefits of this transformative technology, which has the potential to save lives, improve how we harvest food, transform education and more," Garfield said.

Britain last month announced a 1 billion pound ($1.4 billion) joint investment in the AI industry, while the European Union announced it would boost AI investment by about 70 percent to 1.5 billion euros ($1.8 billion) by 2020.

Latest comments

Not a bad idea to add some artificial intelligence to the White House, since the regular intelligence is obviously not there
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.