Outlooks. We will also hear from the usda chief economist at this forum. It is about 90 minutes. [inaudible conversations] good morning, everybody. If you could please find your seat. I would like to welcome everyone to usda 96 annual outlook forum. Usda oldest annual meeting. I am stephen, deputy secretary of agriculture. It is great to see everyone here this morning. This years theme is that innovation imperative. Shaping the future of agriculture. This is a fitting theme for the secretary to announce something we have been working on at usda called the agriculture innovation agenda. We are excited to share more with you this morning. I am joined in this room by many of you that are working to shape the future of our agriculture economy. It is important that we take stock, not only where we are today, but also where we need to go to meet a growing Global Demand with rising standards of living at a time when producers are dealing with uncertainties in the farm economy and the conditio
Stories and uncover them in opinion form which is a rather large mandate. [laughter] in order to narrow the funnel i started looking through corporate figures and i saw from an amazing number of in terms of how the transition from the Financial Sector to the Technology Sector since the great financial crisis and one of the numbers that stuck out was a Mckinsey Global institute figure looking at how 80 of corporate wealth was being held in just 10 of firms and those are the firms that were richest in personal data and intellectual property so basically if you are trafficking in these things you are holding the majority of the worlds corporate wealth and the biggest of those firms were the ones that i profile in the book, facebook, apple, amazon, netflix a little bit and google. They make money, all of them, pretty differently but there is some overlap with facebook and google and Digital Advertising but look at apple and they mostly shunned advertising and look to sell their devices and
Adopted. Test captions Copyright National cable satellite corp. 2008 farmers win by doing right and they win by se questering carbon, using the farming techniques that keep the carbon in the soil, improving the productivity of those soils as well. From a Water Quality perspective, we know in a lot of places weve allowed nutrients to escape our fields. We can do better and our goal is to reduce that nutrient runoff off of our fields and farms by 2050 in that way. We think farming can be a real contributor to our air quality through Renewable Energy and weve seen that already through our ethanol and bio fuels industry, but we think we can do more in that way by creating a better environment for renewable fuels. Hopefully really moving forward with goals of 15 of our Transportation Fuel moving to that. These are all important goals, but were going to have a scoreboard that keeps track of these. Were not going to wait until the buzzer sounds 00 because you know that its progressive and wer
Different from a nonprofit right candidate. Intovent even gotten statelevel versus federal level. We are live now for a discussion on Artificial Intelligence technology and competition from china. We will hear from the u. S. Chief technology officer, michael kratsios. Mr. Kratsios both the applications of Artificial Intelligence and quantum to ourtion sciences nondefense applications. Parallel effort of substantial scale in the department of defense through researchse advanced projects agency and other defense entities because these technologies are of universal application. I would like to take an opportunity to begin the discussion, to perhaps start with a bit of current news where europe has the European Union in particular, has tabled some of their ideas about how to manage some of the particularly the ethical issues related to Artificial Intelligence. Ofhave had quite a number years of tension on a transatlantic basis about the application of advanced commercial aso well as govern
Podcast. Given the political times that we are in and given the height and stocks of amazon, google, facebook and others, but you normally have a pretty broad scope of your coverage the job for the Financial Times by mandate was to figure out where the worlds biggest business and economic stories that cover them in opinion form which is a rather large mandate. I saw amazing numbers in terms of how well they took conditions to the Technology Sector since the great financial crisis and one of the numbers that really stuck out was the Global Institute figure looking at how 80 of corporate wealth was held at 10 of firm into those are the firms that were purchased in personal data and intellectual property so if you were holding the majority of the wealth they were the ones i profiled in the book there is some overlap with facebook and google making Digital Advertising they look at apple and mostly shined advertising. Its a great question. What they do have in common is the Network Effect a