“Continued American leadership in Artificial Intelligence is of paramount importance to maintaining the economic and national security of the United States.” – President Donald J. Trump
The innovation economy is the biggest driver of growth today, and at the forefront of this expansion are artificial intelligence (AI) technologies. PriceWaterhouseCoopers estimates that AI technologies contributed $2 trillion to the global economy in 2018 -- a figure that could increase to $15 trillion in ten years. U.S. companies are well-positioned to benefit from this significant share of global economic growth, and at the U.S. Department of State we are working hard to foster an international environment that is open to American AI innovation.
To better understand the current trajectory of American AI, I recently hosted an Innovation Roundtable with stakeholders from the U.S. private sector, academia, think tanks, and development organizations. We framed our conversation around ways U.S. companies are advancing AI at home and abroad, as well as the challenges to innovation and commercialization of these new technologies globally. My team and I sought a deeper grasp of what the future holds for AI and its adoption into both government and consumer life. We explored the concept of deploying AI that fosters public trust and confidence, and finding the appropriate roles for regulators.
The American AI Initiative – the U.S. Government’s strategy – recognizes that AI is critical to our economic growth, quality of life, and national security. It directs Federal agencies to advance AI through multiple pillars, including AI research and development, data and computation resources, technical standards, education and workforce, and international engagement.
The Bureau of Economic and Business Affairs is delivering on this strategy by enhancing AI collaboration with industry, foreign partners, and allies while upholding democratic values, civil liberties, privacy, and economic and national security. Leveraging our over 150 Digital Economy Officers worldwide, we are opening markets for American digital economy industries and pushing back against overly restrictive regulations.U.S. companies and researchers are key drivers of innovation and I’m glad to have had this recent opportunity to connect with them to discuss the latest trends in AI and other exciting emerging technologies. Moving ahead, we look forward to continuing to ensure they are able to compete in the global market and that the United States remains the global leader in AI.
About the Author: Manisha Singh serves as the Assistant Secreatary for the Bureau of Economic and Business Affairs.