Business Roundtable’s Post

Business Roundtable today released a series of white papers addressing some of the key issues concerning the regulation of artificial intelligence (AI). The papers address considerations around defining and addressing risk in AI, promoting American leadership in AI, and safely harnessing synthetic content’s potential.      Adena Friedman, Chair and Chief Executive Officer of Nasdaq and Business Roundtable Technology Committee Chair: “Artificial intelligence holds tremendous potential for the U.S. economy and the people and businesses that power it. Policymakers have a unique opportunity to reinforce American leadership in AI. Business leaders are committed to collaborating with policymakers to support a strong AI ecosystem, including designing effective and evidence-based guardrails when necessary while empowering American innovation.”   Learn more and explore the full suite of white papers: https://lnkd.in/eDYmhRcn

ICYMI: Texas Instruments is building toward sustainable manufacturing and a stronger American workforce. The company will bring 2,000 new TI jobs to the U.S., plus thousands of indirect jobs for suppliers, construction and supporting industries. This development is thanks to their preliminary agreement to receive $1.6 billion in CHIPS and Science Act funding for semiconductor manufacturing in Texas and Utah, plus even more in investment tax credit. "The historic CHIPS Act is enabling more semiconductor manufacturing capacity in the U.S., making the semiconductor ecosystem stronger and more resilient… With plans to grow our internal manufacturing to more than 95% by 2030, we're building geopolitically dependable, 300mm capacity at scale to provide the analog and embedded processing chips our customers will need for years to come,” said Haviv Ilan, president and CEO of Texas Instruments. Learn more: https://lnkd.in/gdF-M7e5

Tax reform is working. Business Roundtable urges policymakers to: 1. Retain the permanent corporate income tax rate of no more than 21%. 2. Maintain a competitive international tax system. 3. Continue and strengthen broad-based innovation incentives. Learn more: https://lnkd.in/gZ-zzKz8

When the Business Roundtable statement was announced in 2019, Fortune ran a headline, “Profits and Purpose: Can Big Business Have it Both Ways?” The answer is yes – companies can and must.   Five years on, we are taking stock of how Roundtable members have progressed in delivering both purpose and profit:

In the year following enactment of the 2017 tax reform, U.S. GDP grew by 3%. BRT urges policymakers to keep America’s economy growing.

Resilient supply chains are vital to U.S. national security and economic competitiveness. Explore our recommendations for strengthening and securing supply chains in our new report, “Resilient, Diverse and Secure: Improving Critical Supply Chains.” https://lnkd.in/e-9CX9HQ

This week, the AI-Enabled ICT Workforce Consortium — led by Cisco with industry leaders and Business Roundtable member companies Accenture, IBM, Intel Corporation, Microsoft, SAP and Alphabet Inc.'s Google — released its inaugural report, “The Transformational Opportunity of AI on ICT Jobs.”   The report provides an analysis of the effects of artificial intelligence (AI) on nearly 50 top information and communication technology (ICT) jobs and offers actionable training recommendations and opportunities to enable an AI-powered workforce. As 92% of technology roles are expected to evolve because of advancements in AI, the comprehensive report underscores the importance of companies continuing to reskill and upskill employees and highlights Consortium members’ efforts. Learn more ⬇

Business Roundtable released a new report outlining policy recommendations for strengthening and securing critical supply chains, which are vital to U.S. national security and economic competitiveness. Read the full report: https://lnkd.in/e-9CX9HQ

Member Company Spotlight 💡 AT&T understands that closing the digital divide is essential for more Americans to succeed in the digital economy. That’s why they have invested $145 billion in communications infrastructure over the past five years to keep connecting more Americans to more opportunities. AT&T is not only investing in their networks, but also in America’s future by: • Working with local governments and organizations to bring AT&T Fiber to communities nationwide • Supporting first responders with the only purpose-built public safety network • Enhancing AT&T 5G to help communities stay connected to reliable mobile experiences Learn more: https://lnkd.in/egHfW6dZ

Business Roundtable joins the U.S. Chamber of Commerce and other business groups in calling on the Securities and Exchange Commission (SEC) and Congress to implement reforms that will improve the agency’s rulemaking process and restore public faith in the regulator.   Business Roundtable Vice President of Corporate Governance William Anderson: “The SEC has a vital mandate of protecting investors, promoting efficient capital markets, and fostering capital formation. When the agency departs from its mandate or circumvents its procedures, it weakens U.S. capital markets, undermining prosperity, and economic security. Business Roundtable urges Congress to advance reforms to support strong and resilient capital markets.”   Learn more ⬇