Nine companies, the same companies that control the lions share of patents, that of an extraordinary of money that are able to attract the best talent because of the best food, you know, that have the relationships with universities here it doesnt mean there are not other Companies Like salesforce or nvidia over for not doing Amazing Things but its through these Nine Companies that Everything Else flows. The entire ai ecosystem in some way or another touches these nine. In addition to all of the things i just mentioned, they are also building the frameworks and the custom silicone chips and they have the code bases. All roads lead to these Nine Companies, and the challenge that i have is that if its the case that Artificial Intelligence is not just being built to create a better microwave, although thats cool, but instead to optimize our lives using data as currency, what does it mean when we relegate that are just a handful of companies and handful of people working at these companies
Food and that have the relationships of universities and it doesnt mean there arent other Companies Like salesforce or huber that are doing Amazing Things for through these Nine Companies the entire ecosystem touches them in addition to all the things i just mentioned they are building the framework and the silicone chips. All roads lead to these Nine Companies on the challenge that i have is the case the Artificial Intelligence is not just bill to create better microwave although that school to optimize our lives using data as current see what does it mean when we relegate that to a handful of companies and those working at these companies . That dont look like us and dont have the same worldviews as us what are the longerterm downstream implications . Three of those companies are in china. They are publicly traded companies but have lived in china and anybody who watches china knows that publicly traded companies are still under the thumb of beijing so there is no escape if you are a
Business professor amy webb argues Artificial Intelligence is giving too much power to big corporations. My job is to model risk and i focus on technology and i come back to the same nine companies. They have relationships with universities and it doesnt mean that there are not other Companies Like salesforce or guber that are not doing Amazing Things they are also building the frameworks and theyve got the code bases. All of the roads lead to this end of the challenge that i have is if it is the case that Artificial Intelligence is not just being built to create a better microwave, although that is cool but to optimize our lives using a. Companies that dont look like us and dont have the same worldview as assess their publicly traded companies but i lived in china and japan and anybody that watches does publicly traded companies are still under the thumb of beijing aso there is no escape. It is because you are in lockstep with the Chinese Government and that matters because they had a
Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment