Voices for Innovation (VFI), a Microsoft-supported community advocating for U.S. and global technology policy, recently highlighted Microsoft’s research on the transformative potential of generative AI in the United States. Jeffrey Goldstein, Global Managing Director of Queue Associates, a former Advisory Task Force member and ongoing supporter of VFI, actively engages in these discussions. The research projects that generative AI could contribute up to $3.8 trillion to the U.S. economy by 2038 through enhanced labor productivity while fostering scientific breakthroughs and advancements in public health and well-being.

Key Insights

Microsoft CVP and Deputy General Counsel, Rima Alaily, emphasizes the need for a coordinated effort among industries, governments, academia, and civil society to unlock generative AI’s full potential. Policies supporting ethical, inclusive, and sustainable AI innovation will be essential for maintaining global competitiveness.

This Week in Policy and Technology

• Legislative Focus: A bipartisan coalition advocates for the Kids Online Safety Act, addressing concerns over the negative effects of excessive internet use on children.
• Regulatory Challenges: U.S. regulators propose actions to curb Google’s market dominance, including a potential breakup of its search and browser operations.
• AI Market Trends: Business spending on generative AI has increased by 500%, with Anthropic gaining market share, while OpenAI experienced a decline.

Cybersecurity and Connectivity Developments

• A Corvus report reveals that 30% of ransomware attacks in Q3 2024 were linked to outdated software and weak cyber hygiene practices.
• The Tribal Broadband Connectivity Program awarded $72 million to expand high-speed internet access and digital skills training for Native Hawaiian households.

Queue Associates is dedicated to leveraging Microsoft technologies and supporting initiatives promoting sustainable growth and global competitiveness. Through active engagement in key policy discussions and technological advancements, we empower our clients to navigate the rapidly evolving AI landscape successfully.

Read the full update: Microsoft’s Report on Generative AI’s Economic Promise