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close video What does the US need to gain the AI “edge” over China?

AI runs on an internet connection and whatever country can provide widespread broadband will have an advantage in the field, a Milken Institute director says.

Countries that invest in widespread broadband access and internet connectivity will gain an edge in AI technology, a financial tech director told Fox News. 

"We have an issue right now with broadband access," Nicole Valentine, the fintech director of the Center for Financial Studies at the Milken Institute, an economic think tank, said. "If we open up this divide of broadband, we open up the opportunities, then we can bring more people to the table, more solutions to the table, more ideas to the table." 

ChatGPT lists ways AI can help humanity. (Leon Neal/Getty Images / Getty Images)

AI programs such as ChatGPT, Stable Diffusion and AutoGPT require a stable internet connection to analyze data and create information for users. However, 19 million Americans — or 6% of the population — have below average speeds, according to a report from the Federal Communications Commission.EXPANDED BROADBAND ACCESS WILL GIVE US EDGE IN AI RACE: FINTECH DIRECTOR close video What does the US need to gain the AI “edge” over China?

AI runs on an internet connection and whatever country can provide widespread broadband will have an advantage in the field, a Milken Institute director says.

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Increasing internet accessibility with consistent speeds can effectively broaden the number of people who use AI, Valentine told Fox News. Making the technology more widely available within the U.S. means more consumers can become fluent with it, allowing for more innovation — and will ensure America has an "edge" in the space as other countries adopt machine learning, she said.

"What I love about generative AI is its ability for us to actually look at all of this data and create a big application on top of it," Valentine told Fox News. "So the fact that we can take platforms, we can take datasets, we can make it all smarter, that's what's most important."

Increasing access to broadband internet will put AI in the hands of more Americans, giving the U.S. an edge in AI, Nicole Valentine told Fox News. (Fox News Digital/ Nikolas Lanum / Fox News)

"AI has had the highest adoption rate, higher than the Internet, faster than the Internet," she said. "It's one of those applications that if put into the hands of platform owners, retail consumers, businesses, it's going to basically increase productivity."

The Milken Institute, an independent economic think tank, hosted a summit this week where speakers and atendees were widely supportive of the expansion of AI in the U.S.

Other countries have also been quick to embrace AI.

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China has a robust AI sector and is a key competitor in the race for dominance over the technology, China researcher Gordon Chang told Fox News last month. And from 2015 to 2021, U.S. firms invested over $40 billion in Chinese AI companies, according to a Georgetown University study. 

President Joe Biden is mulling an executive order to restrict China from accessing U.S. AI technology, according to reports. (The Image Direct for Fox News Digital / Fox News)

In an effort to keep an advantage regarding AI, the White House is mulling an executive order keeping technology-related investments out of China.

Valentine said the U.S. should look to bolster domestic AI accessibility. 

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"We have all of this technology in areas that are more concentrated," Valentine said. Investing in expanding AI access will help the country "deal with the biggest issues of our time," she said.

"AI is going to be a great tool," Valentine told Fox News. "It's a tool that we all need to know how to use."

To watch the full interview with Valentine, click here. 

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Donald Trump watches SpaceX launch with Elon Musk, but test flight does not go as planned

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Donald Trump watches SpaceX launch with Elon Musk, but test flight does not go as planned

Elon Musk’s SpaceX has successfully performed another launch of its Starship rocket in front of President-elect Donald Trump, but the test flight did not go perfectly.

The 400ft (122m) high rocket system, designed to land astronauts on the moon and ferry crews to Mars, lifted off from Boca Chica, Texas.

The first stage, called Super Heavy, unexpectedly made a splashdown in the Gulf of Mexico instead of attempting to return to its launchpad, indicating something went wrong.

SpaceX's Starship launches as seen from South Padre Island near Brownsville, Texas, U.S. November 19, 2024. REUTERS/Gabriel V. Cardenas
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SpaceX’s Starship launched as expected in Texas. Pic: Reuters

Pic: SpaceX
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Pic: SpaceX

Mr Trump’s appearance signals a deepening alliance with Mr Musk, who stands to benefit from his recent election victory.

The billionaire entrepreneur is expected to secure favourable government treatment, not only for SpaceX but also Tesla, and help his companies.

Mr Trump has also appointed Mr Musk as co-leader of a new government efficiency project.

Donald Trump and Elon Musk arrive ahead of the launch. Pic: Reuters
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Donald Trump and Elon Musk arriving ahead of the launch. Pic: Reuters

Donald Trump and Elon Musk. Pic: Reuters
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Mr Trump listened as Mr Musk explained how the test would work. Pic: Reuters

After separating from the Starship second stage, the booster returned to Boca Chica in Texas, where it was supposed to be grabbed and clamped in place using what the company describes as “chopsticks”.

More on Spacex

Arguably, they look more like massive pincers mounted on a huge steel tower.

Musk and Trump’s bromance continues – but will it go up in smoke?

Booster catch was a ‘no-go’

But the booster catch was called off just four minutes into the test flight and the booster hit the water three minutes later.

“We are a no-go for tower catch,” said SpaceX, adding the ‘criteria’ was not met, although the firm did not specify what went wrong.

The SpaceX Starship rocket booster splashed down in the Gulf of Mexico after SpaceX operators decided the criteria had not been met for the tower to catch the booster.
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The SpaceX Starship rocket booster splashed down in the Gulf of Mexico. Pic: SpaceX

Pic: SpaceX
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Pic: SpaceX

The Starship rocket also splashed down around an hour later, but this time in the Indian Ocean, off the northern coast of Australia.

It descended in a “belly flop” position before its central engines flipped it around.

Analysis: This is not the outcome any party wanted to see



Tom Clarke

Science and technology editor

@t0mclark3

Elon Musk will be very disappointed by the failure to catch the booster with Donald Trump watching on.

This was their moment to show their prowess in efficiency, reusability, the “fail-fast efficiency” that Donald Trump really wants his presidency to embody.

Donald Trump isn’t somebody who wants to be associated with things that don’t look brilliant or work amazingly.

Instead, Trump wanted to be associated with Musk’s glory and that hasn’t happened.

This was a flight test with a political moment tagged on to it and I think it will have been not the outcome that any party wanted to see.

Step towards moon trip

It was the sixth test for the world’s biggest and most powerful rocket that SpaceX and NASA hope to use to get astronauts back on the moon and eventually Mars.

Among the objectives for the test were igniting one of the engines in space and thermal protection experiments aboard the spacecraft.

SpaceX wants to eventually return and reuse the entire Starship, as full-scale recycling would drive down the cost of hauling cargo and people into space.

NASA is paying SpaceX more than $4bn (£3.1bn) to land astronauts on the moon via Starship on back-to-back missions later this decade.

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Politics

FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19

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FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19

Martin Gruenberg is set to exit as FDIC Chair, with Representative Tom Emmer blasting him as “an architect of Operation Chokepoint 2.0.”

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Sports

CFP Anger Index: Bama beats Mercer and gets to jump Miami?

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CFP Anger Index: Bama beats Mercer and gets to jump Miami?

The committee has revealed its third set of rankings this season, and aside from BYU tumbling after a loss and Tennessee falling just outside the current playoff field, not much has changed.

But that doesn’t mean there’s not a reason to be outraged. Indeed, it means the committee had a whole week to fix the mistakes it had already made, and it chose not to!

So, who should be most angry this week? Grab a pillow to scream into and a stress ball to clutch. We’ve got a lot to get off our chests.

A fact the committee made clear this week: Beating Mercer by 45 points is better than sitting at home on the couch.

So it is that Alabama, which was ranked behind Miami last week, beat up on a hapless FCS opponent and jumped Miami during the Canes’ open date.

Was there a message in this?

Surely, the message could be that taking the week off isn’t something to be rewarded, but we’re betting that’s not a message the committee wants to send while coaches are arguing about the value of playing in a conference title game.

Is the message that blowing out a team from the Southern Conference is really impressive? All due respect to UMass-Lowell, but we doubt it.

No, the message seems to be that the ACC needs to understand its place in the pecking order, and the line starts behind Alabama. Funny, because we thought the ACC already got that message last year, when Florida State was left out.

Alas, Miami went from No. 4 in the first rankings all the way to No. 8 now, thanks to a one-possession loss to a solid (and underrated) Georgia Tech team. But is that fair?

Miami has four wins over SP+ top-40 teams this season — the same number as Alabama and twice as many as Notre Dame.

Miami has a better loss than either of the two teams directly in front of it: Georgia Tech is No. 55 by SP+. Vanderbilt (one of two losses for Alabama, remember) is No. 61. Northern Illinois, which beat Notre Dame in South Bend, is No. 84.

Miami’s problem, of course, is it lacks a signature win. Notre Dame has Texas A&M. Alabama has Georgia. Miami has … Florida ?

So perhaps the Canes shouldn’t be quite as mad at the committee here as they should be furious with Louisville. The Cardinals were the lynchpin victory for both Miami and SMU (and helped Notre Dame, too), but they bungled their way to a loss to Stanford that will be studied by future generations as a model of ineptitude.

That the committee has woefully undervalued SMU all season, has shoved Miami behind the two-loss Tide, and thinks Clemson is worse than Colorado is the real message here though. The ACC is a one-bid league. The committee is spelling it out loud and clear.


2. Everyone not named Texas in the SEC

Let’s state something at the top: Texas is probably quite good. It is, of course, not the Longhorns’ fault they joined the SEC and still drew a Big 12-caliber schedule. But facts are facts, and in a conference with six eight-win teams and four more already bowl eligible, Texas has played exactly two Power 4 opponents with a winning record this season. Those games resulted in a three-point win over Vanderbilt and a shellacking by Georgia.

But Texas has one loss, and the rest of the SEC competition has two or three. Is that all that should matter?

Ultimately, winning games is the most important thing, and the committee seems to recognize that with Indiana at No. 5, despite a schedule that might well have included a home game against Bishop Sycamore.

But is it all that matters? If Texas played Georgia’s schedule, would it still have a better record? Their head-to-head meeting would suggest otherwise.

Again, it’s hardly Texas’ fault the SEC rolled out the red carpet in Year 1. But it is up to Texas to impress when the spotlight is on, and since the blowout win against Michigan — a team vastly overrated at the time — the marquee moments have been mostly meh, right up to last week’s mediocrity against Arkansas.

Ultimately, an incredibly good SEC team — Georgia, Ole Miss, Tennessee, Texas A&M, South Carolina or Alabama — is going to end up having played a markedly tougher schedule, proved they can hang with the best of the best, and either go on the road for a arduous opening-round matchup or be left out altogether.

(Seriously, how is Georgia the 10th-best team in the country? There’s no logical argument.)

But Texas? Even with a loss to A&M, it’s hard to see the Horns falling from No. 3 to a place outside the top 11.


How bad was the Kansas loss?

There’s a good case to be made that the Jayhawks are an incredibly undervalued opponent right now. They opened the season ranked in the top 25, they’re just rounding into shape now, and they’ve been incredibly unlucky, going 1-5 in one-possession games. SP+ ranks Kansas as a better loss than Vandy or Georgia Tech. And BYU was still probably the better team in that game, but a special teams miscue cost the Cougars a win.

So what? BYU probably should’ve lost to SMU or Oklahoma State or Utah, and karma is a real jerk.

Still, let’s compare some résumés here.

Team A: 9-1, No. 13 strength of record, best win vs. SP+ No. 12, loss to SP+ No. 84, 3 wins vs. bowl-eligible Power 4 teams

Team B: 9-1, No. 15 strength of record, best win vs. SP+ No. 46, loss to SP+ No. 5, 0 wins vs. bowl-eligible Power 4 teams

Team C: 9-1, No. 9 strength of record, best win vs. SP+ No. 22, loss to SP+ No. 55, 2 wins vs. bowl-eligible Power 4 teams

Team D: 9-1, No. 8 strength of record, best win vs. SP+ No. 13, loss to SP+ No. 42, 3 wins vs. bowl-eligible Power 4 teams

They’re all in roughly the same demographic, sure, but if you’re splitting hairs, it’s hard not to split them in Team D’s direction, right?

Well, of course, Team D is BYU. And, of course, Team A (Notre Dame), B (Boise State) and C (Miami) are all ranked higher.

Way back when the playoff began and the committee was launched, the idea was not to adjust the rankings entirely off the previous week — sending teams that lose tumbling and teams that win inching up as attrition occurs above them — but to view each team’s résumé anew each week. But this committee is acting every bit like the AP voters of old — dropping Miami and Georgia and Tennessee and, particularly, BYU, because of recency bias rather than the sum total of the results. Heck, BYU is now behind SMU — a team with the same record the Cougars beat head to head!

And the real issue here? With BYU, Colorado and Arizona State all now ranked behind Boise State, the odds of the Big 12 missing an opening-round bye are looking pretty strong.

Maybe Coach Prime should use some of his considerable air time to mention that.


Speaking of Coach Prime, here we are again with the clearly superior two-loss Big 12 team ranked five spots behind Colorado.

Same record. Arizona State’s worst loss was by 10 without its starting quarterback. Colorado was blown out by Nebraska. ASU’s best win is against SP+ No. 18; Colorado’s is No. 49.

And, if we’re being honest, Kenny Dillingham’s postgame rants this season have been more entertaining than Deion’s, too.

play

1:07

ASU coach labels kicking game ‘atrocious,’ confirms tryouts for Monday

ASU coach Kenny Dillingham labels his team’s kicking game “atrocious” and says it will be hosting open tryouts on Monday.

This is a mistake by the committee, plain and simple.


5. The Power 4

We won’t get to say this very often, but the power players are getting screwed.

OK, not really. The SEC and Big Ten will be fine, and even if they’re not, they can cry themselves to sleep on giant piles of money.

But the fact remains that Boise State is primed for a first-round bye, and this week’s top 25 includes four teams from outside the traditional power conferences: Boise State, Army, Tulane and UNLV.

That’s the most during any one week since the final poll of the 2021 season that featured five, but among those were Houston, Cincinnati and BYU — all power conference teams now. Only twice before have four teams not currently in a power conference league (or the Pac-12) been ranked concurrently — in the wild COVID year of 2020, and for a single week in 2019 with Boise State, App State, Memphis and Navy.

Somewhere, Greg Sankey is diabolically petting a cat in an oversized chair and plotting revenge.

Also Angry: Duke, Pitt, Kansas State, Syracuse, James Madison and Washington State (all 7-3 or better, unranked and with more wins vs. bowl-eligible Power 4 teams than Illinois), SMU (9-1, No. 13), Georgia (8-2, No. 10. Seriously, who thinks there are nine better teams?)

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