Donald Trump · Democrats · U.S. · Funding Round · Fortune Technology
One of the Democratic Party’s brightest stars is co-founding a group to help with the coming AI jobs earthquake
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America has been rushing into an artificial intelligence future without much of a plan to stop what could be catastrophic job losses.
Key facts
- RAISE US is starting with more than $500 million to deploy on new forms of education and training, putting a focus on partnering with states and major employers rather than the federal government
- The advisory board includes former Republican House Speaker Paul Ryan, billionaire investment manager Stephen Schwarzman, AFL-CIO President Liz Shuler and the economists David Autor, Erik
- An April analysis by the Boston Consulting Group estimated that roughly half of U.S. jobs will be reshaped by AI over the next few years
- AI is now disrupting multiple sectors simultaneously, faster than any institution can respond,” said Vivienne Ming, a neuroscientist who has written the book, “Robot-Proof: When Machines Have all the Answers, Build Better People
Summary
Critics warn of doomsday scenarios out of a sci-fi thriller, while backers say AI will generate so much new wealth that no one should worry too much about millions of layoffs. A new bipartisan nonprofit hopes to ensure that America can realize the economic gains promised by AI without its workers suffering. RAISE US is starting with more than $500 million to deploy on new forms of education and training, putting a focus on partnering with states and major employers rather than the federal government. Founded by former Commerce Secretary Gina Raimondo, a Democrat, and former Indiana Gov.