Pai Pays Homage to Innovators in Israel Amid 5G Focus; Says He's Not Regulating AI
The FCC is working to make sure the U.S. will lead the world on 5G, FCC Chairman Ajit Pai told the Israel Business Conference Thursday. “They call Israel the ‘Start-up Nation,’” said his written remarks. “You have more startups here…
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per capita than any other country in the world. And during my trip, I have seen your innovative spirit for myself. I’ve visited companies like Siklu, Sckipio, and Gilat Satellite” (see 1812190058). The U.S. still leads the world on venture investment. “Venture capital investment in the U.S. was 160 percent higher in 2017 than 2010, and we saw more venture investment during the first half of 2018 than we did during most full years of the previous decade,” he said. Pai tweeted about meetings with Intel’s Mobileye and Israel-based OrCam (see here and here). He said the FCC, holding an event on artificial intelligence, isn't trying to regulate AI. Monday, the FCC and Israeli Ministry of Communications convened the first meeting of a new joint working group to exchange information between the two countries. “The relationship between our two agencies has never been stronger, and I look forward to continuing our cooperation,” Pai said.