ITIF President Rob Atkinson testified before the Senate Small Business Committee on the issue of unfair Chinese trade and technology policies and practices and what the federal government should do in response. In his testimony, Rob discussed the importance of a new framework from Senator Rubio for how to think about the economic challenge from China, the nature of the economic challenge posed by “Made in China 2025” (MIC25), and components for more robust trade, innovation and competitiveness strategies, including to help small businesses.
In his quest to solve, or have a hand in solving, some of the world’s more pressing problems, Bill Gates has no doubt been presented with a range of evolving technologies which promise to do one trick or another. In a new list prepared for the MIT Technology Review, the Microsoft co-founder and billionaire philanthropist chooses 10 breakthrough technologies for 2019.
A sleek new American-built capsule with just a test dummy aboard docked smoothly with the International Space Station on Sunday in a big step toward putting the U.S. back in the business of launching astronauts. The white, bullet-shaped Dragon capsule, developed by Elon Musk's SpaceX company under contract to NASA, closed in on the orbiting station nearly 260 miles above the Pacific Ocean and, flying autonomously, linked up on its own, without the help of the robotic arm normally used to guide spacecraft into position.
While curbing the openness of the U.S. economy may serve the United States well when playing defense, it puts the country at a severe disadvantage when trying to supercharge its own technological innovation. Managing these competing interests will require the Trump administration to wield a scalpel, not a sledgehammer: a nuanced, multifaceted policy that safeguards the three primary pillars of the innovation ecosystem--investment, people, and goods--while emplacing sensible restrictions to protect U.S. national security when necessary.
The American AI Initiative is a welcome step towards boosting U.S. competitiveness in AI, but it does not go far enough. Without more substantial efforts from the Trump administration and Congress, the United States will struggle to compete with other countries that have developed aggressive national AI strategies, and the economy will be worse off for it.
Lawmakers slammed tech industry representatives at a hearing Wednesday as Congress begins work on drafting a federal privacy law. The Senate Commerce Committee held its first data privacy hearing this year, with lawmakers questioning the industry's support for sweeping federal privacy standards.
The U.S. and China announced ambitious plans to fund high-speed rail projects backed by government stimulus packages during the financial crisis in 2008. Since then, the length of high-speed rail lines in China has expanded to 18,000 miles, accounting for more than two-thirds of the world's total. That’s five times more than what Japan has built since the 1960s.
The brewing technology battle between the U.S. and China isn’t just about 5G telecom equipment Chinese companies want to bring to the U.S. It’s already starting to bleed into other tech categories, as shown in a new letter posted Monday from 11 senators and top officials from the departments of Energy and Homeland Security that called for a ban of Huawei-made solar technology.
The Federal Trade Commission (FTC) on Tuesday announced the launch of a task force aimed at monitoring competition among the country's tech companies. The task force, which will consist of current officials with the FTC's Bureau of Competition including 17 staff attorneys, will work to "identify and investigate potential anticompetitive conduct," the bureau's director, Bruce Hoffman, told reporters.
Microsoft is pressing ahead with a $480 million contract to build augmented reality technology for the Army despite strong backlash inside the company. A group of Microsoft employees on Friday called for the company to back out of a deal to provide tech for the Pentagon’s Integrated Visual Augmentation System program.