Larry Summers: The robots are coming, whether Trump’s Treasury secretary admits it or not - News Summed Up

Larry Summers: The robots are coming, whether Trump’s Treasury secretary admits it or not


In this regard, I am very surprised by two comments made by Secretary Steven Mnuchin in his first public interview last week. Artificial intelligence is behind autonomous vehicles that will affect millions of jobs driving and dealing with cars within the next 15 years, even on conservative projections. Artificial intelligence is transforming everything from retailing to banking to the provision of medical care. As for the secretary’s questioning of tech company valuations, no one can predict markets, so he may turn out to be right. In a highly uncertain world with a major tax reform debate upcoming, the credibility of the Treasury secretary is an important national asset.


Source: Washington Post March 27, 2017 13:04 UTC



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