This isn’t a tech sector problem; it’s an every sector problem. New research from the Information Technology and Innovation Foundation shows that failing to pass federal privacy legislation would cost more than $1 trillion to our economy over 10 years, with more than $200 billion being paid by small businesses. This means that resources that could go toward creating jobs are being spent on compliance costs and legal bills. In California, since the enactment of the state’s Consumer Privacy Act in 2020, there have been nearly 200 lawsuits involving companies that sell to customers in California despite being located elsewhere.
February 24, 2022
February 22, 2022
Around 20% of methane emissions from cows are related to the animal's genetic make-up. It might therefore be possible to soon reduce cattle methane emissions with the help of "gene editing," according to the US Information Technology and Innovation Foundation.
February 22, 2022
The Federal Trade Commission’s head economist Marta Wosińska has resigned after serving in the role for less than a year.
February 21, 2022
The Internal Revenue Agency (IRS) should have taken a more measured response to the controversy around its use of identity verification company ID.me, the Information Technology & Innovation Foundation (ITIF) suggests, even as a report by CyberScoop alleges that the company was two-faced in its public assertion that one-to-many facial recognition technology was not used to identify unemployment benefits applicants while it continued to quietly use biometric identification technology. The deployment also found a defender in a former DHS official, who writes for the Washington Post that proposed alternatives will negatively impact U.S. taxpayers.
January 27, 2022
Legal challenges on how data is handled often come from varied state entities, which can lead to multiple lawsuits over the same issues. That has raised a call among some stakeholders for precedence and law to be established at the national level to clear up the confusing landscape. “We’ve seen three states in the last few years have comprehensive privacy legislation and others have passed more targeted legislation,” says Daniel Castro, vice president for the Information Technology and Innovation Foundation (ITIF). “Others have proposed and are considering moving forward with similar efforts.”
January 26, 2022
Stephen Ezell, the vice president for global innovation policy at the Information Technology and Innovation Foundation, a policy group that receives funding from telecommunications and tech companies, called the House bill “not sufficient to enable the United States to win the advanced technology competition with China.” He argued that the focus on advanced technology in the Senate-passed bill would do more to increase American competitiveness.
January 24, 2022
STATE PRIVACY LAWS ADD UP: Over a 10-year period, a patchwork of privacy laws across all 50 states could lead to company compliance costs exceeding $1 trillion, according to a report from a tech-funded think tank, the Information Technology and Innovation Foundation. In the absence of a federal privacy law, conflicting compliance regimes for companies could cost companies between $98 million to $112 billion annually, the report found. ITIF receives funding from the tech industry, including Apple, Microsoft, Google, Intel and more.
January 21, 2022
I've written about some of the bill's flaws previously. More thorough rundowns and particular complaints can be found from Americans for Tax Reform, Free Press, R Street Institute, the Springboard Initiative, the U.S. Chamber of Commerce, American Action Forum, TechFreedom, the American Enterprise Institute, the Taxpayers Protection Alliance, and the Information Technology and Innovation Foundation.
January 20, 2022
And yet, just five U.S. cities account for 90% of innovation job growth in recent decades, according to a 2019 Brookings and Information Technology and Innovation Foundation report. Nearly 50% of digital service jobs are in 10 major metro centers. As for the others, nearly 63 of the country’s 100 largest metro regions saw their share of tech jobs actually decline in the past decade.
January 14, 2022
A Jan. 10 report from the Information Technology and Innovation Foundation (ITIF), for instance, highlighted "severe gaps" in the world’s effort to scale up new low-carbon technologies. Hydrogen, fuel cells, and carbon capture and storage had received just 8 percent of all national research and development investments, the report found, adding that "substantial increases" would likely be "vital" for climate goals.