The country is geared and ready for full automation and the use of artificial intelligence in numerous sectors of the economy. The articles, “Artificial Intelligence, Automation, and the Economy,” By Kristin Lee and “ AI, Automation and the U.S. Economy” by Irving Wladawsky-Berger acknowledge the fact that the country is readying for full technological advancement supported by relevant legislation and public participation. According to Lee (2016) as technology takes root in various sectors of the economy, the government is aligning itself to play a central role in harnessing and leading the public for the possible impact of technological advancement. Of particular interest is the place and position of Artificial Intelligence in the economy, a scenario that is bound to transform the country’s socio-political and economic foundation for many decades to come.
The two reports are evident that technological advancement is coming of age and is poised to impact on the country’s standing in all sectors and particularly, the economy. However, the White House is readying itself for the rapid transformation that will soon have a remarkable impact from jobs, production, skills and education levels. What the White House is mentioning is a possible shift to the use of Artificial Intelligence on a full scale ( Wladawsky-Berger , 2017). However, the uncertainty that surrounds the application and potential impacts of Artificial Intelligence in the economy in the coming decades may require strategic planning and legislation considering some of the adverse effects. Thus, the White House is laying the groundwork to lead and provide policy guidance in addition to welcoming possible strategies relevant to the use and application of the same in the economy.
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With all systems aimed at regulating and providing guidance to the use of artificial intelligence in the economy, the White House is ready for all possible outcomes that range from the threats of cybercrime, fraudulent transactions, and disruptions in the market place ( Wladawsky-Berger , 2017). One outstanding feature is evident in the reports; the White House is ready for all possible outcomes of the impact of Artificial Intelligence. At the same time, the White House is concerned with the potential undesirable implications of the same within the economy. The suggestions outlined are thus intended to provide a framework upon which all possible legislations and policies will be derived. It is meant to explore potential negative and positive impacts of the same and prepare the public for any eventuality (Lee, 2016). Preparing the people will mean including them in policymaking and legislation that will provide necessary frameworks for the use and application of Artificial Intelligence.
The White House will be the central policymaker and will offer the necessary leadership in all aspects of implementing the legislation and policies outlined. Besides the legislation, the reports indicate that the White House will take a central role in the arising transformation. With the uncertainties surrounding the automation, policy choices and effects will play a pivotal role in restructuring the job market (Lee, 2016). The reports are clear and underpin the responsibility of the same on relevant sectors of the economy to safeguard the country, workers, and the general economy from any possible adverse effects.
According to the articles, the success of the AI-driven automation lies in predicting its possible impacts, outlined legislation and policies, and the readiness of the country in adopting the same within its various sectors. The country is upbeat to provide the necessary frameworks to lead in AI-driven economy and automation. With the rapid deployment of technology in the job market across the world, the White House understands that any drawback, challenge, and failure of implementing the desired legal and policy frameworks may derail the entire economy. Thus, policymakers are being put at the forefront to spearhead the desired change and adoption of AI-driven automation and technology. Such, the White House understands will put the country in line with global demands, especially all that is AI-driven.
Reference
Lee, K. (2016, December 20). Artificial Intelligence, Automation, and the Economy. Retrieved October 9, 2019, from https://obamawhitehouse.archives.gov/blog/2016/12/20/artificial-intelligence-automation-and-economy .
Wladawsky-Berger , I. (2017, January 16). AI, Automation and the U.S. Economy. Retrieved October 9, 2019, from https://medium.com/mit-initiative-on-the-digital-economy/ai-automation-and-the-u-s-economy-357057e1a502.
