This is a special time for technology. Five of the world’s seven most valuable companies are U.S. tech firms. But the core innovations underlying Apple Inc., Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Facebook Inc. are decades old.
The Information Technology and Innovation Foundation (ITIF) today released an open memo to President-elect Donald Trump and his transition team outlining actionable proposals that the new administration can accomplish in its first year to bolster America’s innovation economy.
Over the last year, the Defense Innovation Unit Experimental (DIUx) office has been at the core of Secretary of Defense Ash Carter’s push for greater innovation inside the Pentagon -- so much so that Carter has the unit reporting directly to his office to bypass the typical department bureaucracy and ensure its success. But with Carter not expected to continue in the administration of President-elect Donald Trump, the question of what happens to DIUx -- and its managing director, Raj Shah -- is up in the air.
By all accounts, the Chinese state is on all-out drive to move the country up the technological ladder. As the era of China as the world’s low-cost manufacturer comes to an end, innovation has become the most important element in the state’s development blueprint. Given its ideological leanings, China presents itself as a unique experiment in the power of the state to help the economy become more innovative.
Donald Trump wants to take on "Made in China'' to bring jobs back to America. But the battle is already becoming one of ideas as the Factory to the World ramps up research-and-development spending to become an innovator as well as assembler. China will overtake the U.S. in spending on R&D by 2020 on a purchasing power parity basis, according to analysts from Credit Suisse Group AG.
By and large the United States continues to export our intellectual property so foreign companies and subsidiaries around the world can engage in manufacturing instead of making things in America. Unfortunately, when manufacturing exits a country research and development funding dwindles in direct response, thereby creating an enormous problem for subsequent generations of innovation.
The ties between the Defense Department and commercial technology and innovation keep the U.S. military agile as it meets today’s challenges and remains ready for the future, Defense Secretary Ash Carter said today.
Case, who spoke on the topic at the recent TEDx mid-Atlantic conference in Washington, D.C., says the reason money is not going to minority groups boils down to one thing: unconscious bias, or the act of unintentionally gravitating to those most like us. “People that we’re most familiar [with], who are similar to us, are often those we feel most comfortable with,” Case told WTOP.
Last week, 150 academics and industry experts published the U.S. Roadmap for Robotics -- just ahead of the presidential election -- to help guide Congress as it moves to figure out how to allocate federal funds to encourage innovation, keep humans safe and, importantly, make sure America remains a global leader.
The U.S. alleges that China is rigging the semiconductor market in its favor by indulging in unfair trade practices. "This unprecedented state-driven interference can distort the market and undermine the innovation ecosystem," Penny Pritzker, U.S. secretary of commerce, said during a Wednesday event organized by the Center for Strategic and International Studies.