If there is one single matter that worries tech leaders today it is the difficulty in conciliating innovation and regulation. Most companies, from tech giants to startups, are still trying to adjust to the EU's General Data Protection Regulation (GDPR), and yet more of the same is coming. The next step will be the adoption of the EU’s ePrivacy Regulation, which will be published toward the end of 2018 or early 2019.
Senior business executives, researchers and industry leaders from some of China's major tech giants and US Silicon Valley companies met last weekend in Mountain View, western California, to decode innovation and game-changing technologies such as artificial intelligence (AI) and big data that power social and economic life.
Defense Innovation Unit Experimental, the office charged with bringing Silicon Valley tech to the Pentagon, will now be known as Defense Innovation Unit, the department announced Thursday. The name change reflects military leaders’ “commitment to the importance of its mission” and signifies the permanence of the group within the country’s defense apparatus, according to Deputy Defense Secretary Patrick Shanahan.
It can be emblazoned on the door to a new innovation center in Silicon Valley. It can be inserted into people’s job titles. (Yes, even Toys R Us had a head of innovation.) But there are thorny cultural, strategic, political, and budget issues that must be confronted by CEOs and other leaders if they want to ensure that their organizations can be hospitable to -- rather than hostile to -- new ideas.
July 24, 2018 - Chairman Lamar Smith of the House Science, Space, and Technology Committee gave remarks today at the Hudson Institute’s discussion of the New Era in Space. Smith’s remarks touched on the growing private sector presence in space and how the government can effectively collaborate with industry while spurring investment and innovation.
After almost a decade of uneven progress, a broad-based global economic growth momentum is now in place. The current challenge is for the global economy to reach a comfortable cruising speed that can be sustained for the next several years.
“You only ignore China now at your peril,” said Gary Rieschel, founding managing partner of Qiming Venture Partners, and an investor with two decades of experience in China. “What’s going to happen when China innovation goes around the world? U.S. firms are going to struggle with that if they don’t have a good handle on it.”
The ranking placed China at No. 17, up five positions from 2017, and marking the first time that the Asian country finished in the GII's top 20. The U.S. was ranked sixth, down two positions from last year, while Switzerland topped the GII ranking for the eighth year in a row.
McCord pointed out the recent announcement of the creation of DoD’s Joint Artificial Intelligence Center, or JAIC, saying it is an effort that is significant to the department and the country. “Structurally, we know that AI has the potential to be an enabling layer across nearly everything,” he said, explaining it means countless applications in daily life and could affect all areas of the department.
With the creation of a White House Select Committee on Artificial Intelligence in May, the Trump administration unveiled its philosophical approach to AI innovation: The United States should lead the world, and the way to get there is by keeping any regulations at bay.