The White House is hosting the "Artificial Intelligence for American Industry" event Thursday.
At a White House AI summit that brought together representative from 40 companies including Google, Facebook, and Intel to address issues related to the technology, Michael Kratsios, the deputy assistant to the president for technology policy, said the government wouldn't restrict AI research and development.
Made up of the "most senior R&D officials" from across the federal government, it aims to "improve the coordination of Federal efforts related to AI to ensure continued US leadership in this field".
The White House convened more than 100 business leaders - in sectors ranging from energy and manufacturing to health care, technology and financial services - along with senior government officials and experts for a summit to address issues including supporting national research and development, helping the American workforce to take advantage of AI and removing barriers to AI innovation in the US.
Technology leaders have pushed the administration to be more focused on both the economic potential of AI technologies and the disruption it could cause to existing jobs. A report last month from the U.S. Congressional Research Service described China as a "leading competitor" in using AI to develop military applications, including autonomous vehicles and computer systems that can make faster and better-informed decisions.
The Select Committee on Artificial Intelligence, which will include senior government officials in research and development, will advise Trump on AI priorities across federal agencies and coordinate government research and planning.
"It's been a huge missed opportunity up until this point", said Robert Seamans, a White House economist during the Obama administration who now teaches at the NYU Stern School of Business.
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The creation of the new committee comes amid increasing competition from world governments to be seen as leaders in AI.
The Trump administration's commitment to science and technology education, he said, is part of its plan to adapt. "To realise the full potential of AI for the American people, it will require the combined efforts of industry, academia, and government", Kratsios said.
Dean Garfield, president of the Information Technology Industry Council trade group, told Bloomberg TV on Thursday that "jobs will change and where those jobs are may move". "Meanwhile, the US disbanded its AI taskforce in 2016".
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"This is not a call for a swarm of new laws and regulations", Krzanich said.
"To a certain degree job displacement is inevitable", Kratsios said.
A year ago, Treasury Secretary Steven Mnuchin brushed aside concerns about AI displacing jobs, saying that prospect was so far in the future that "it's not even on my radar screen".