Discusses Private Sector Insights and Partnership with EXIM as part of “Strengthening American Competitiveness” initiative to Advance U.S. Comparative Leadership and Help Neutralize Export Subsidies from China
FOR IMMEDIATE RELEASE June 12, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yesterday hosted a teleconference roundtable discussion with approximately 140 business leaders and stakeholders in the artificial intelligence, quantum computing, and high-performance computing sectors. The event was the third teleconference in EXIM’s “Strengthening American Competitiveness” initiative, which will provide valuable stakeholder input to EXIM’s new Program on China and Transformational Exports.
On the call, Chairman Reed highlighted how EXIM’s partnership with the private sector can support and accelerate the success of American companies in these of these transformative industries.
“These transformational exports drive growth in the United States economy, enhance our economic and national security, and improve our quality of life,” said Chairman Reed. “I thank all those in the artificial intelligence, quantum computing, and high-performance computing industries who shared their insights. EXIM is committed to working with the private sector and our interagency partners to ensure the United States continues to lead in innovation in these industries, advancing America’s comparative leadership and supporting our businesses and workers.”
David Trulio, Senior Vice President for the Program on China and Transformational Exports, noted that “EXIM is committed to supporting American jobs by helping neutralize Chinese export subsidies and leveling the playing field for U.S. businesses.” Trulio continued, “Whether in AI, high-performance computing, or quantum computing, EXIM is eager to support U.S. companies through its export credit products. As our discussion detailed, early engagement with EXIM can appreciably contribute to our collective success."
Also giving remarks in the roundtable discussion were:
- Paul Dabbar, Undersecretary for Science, U.S. Department of Energy (DOE)
- Conner Prochaska, Chief Commercialization Officer, U.S. Department of Energy (DOE)
- Kevin McGinnis, Director for Research and Analysis, National Security Commission on Artificial Intelligence (NSCAI)
- Trae Stephens, Partner, Founders Fund
- Mandy Birch, Senior Vice President, Engineering Strategy; Rigetti Computing
- Bret Greenstein, Head of AI and Analytics for Cognizant Digital Business
- Stephen Rodriguez, Partner, One Defense
“DOE’s National Laboratories are home to the nation’s supercomputing resources. Collaborating with public and private partners, including the research community and other federal agencies, will position the U.S. to harness these important technologies and their applications,” said Paul Dabbar, Under Secretary for Science at the U.S. Department of Energy (DOE). "It's important to ensure that the U.S. remains a global leader in developing and commercializing these advanced supercomputing capabilities."
Conner Prochaska, DOE’s Chief Commercialization Officer, and Director of the Office of Technology Transitions: “Now, more than ever, U.S. leadership and economic power requires a comprehensive approach to technology development and commercialization—one that starts at research and ends at the market. At DOE, we’re committed to providing a fertile environment for this ecosystem to thrive, creating new tools and enhancing existing ones to reinforce the technology pipeline and put our knowledge, capabilities and facilities to work for America’s innovators.”
“Government and the Technology industry are wise to work together to ensure that the U.S. remains a global leader in high performance computing and Artificial Intelligence. Public private partnerships can be a powerful engine for innovation,” said Maria Cino, Vice president of Americas & U.S. Government Relations at Hewlett-Packard Enterprise, and a member of EXIM’s Advisory Committee. “Engaging the tech sector is critical as we look toward the future because it will inform investment and drive innovation. Other countries including China are trying to catch up with the U.S.’ supercomputing and AI resources, and it’s important that we don’t fall behind.”
Mandy Birch, Senior Vice President of Engineering Strategy at Rigetti Computing: "Establishing the U.S. as the global leader in quantum computing is a shared responsibility between government and industry. Industry is establishing a national quantum industrial base to create a durable advantage in manufacturing and deploying quantum technologies. To ensure long-term economic competitiveness, we value government partnerships to de-risk and support early and sustained access to global markets."
“In order to remain the technology leader of the world, the U.S. needs leadership from the public sector, combined with strong buy-in with the private sector,” said Stephen Rodriguez, a Partner at One Defense. “Innovative private-public partnerships are a necessary tool because they encourage government to adopt the best practices and technologies embraced by industry while protecting taxpayers and broader national interests.”
The Program on China and Transformational Exports, established in EXIM’s historic seven-year reauthorization, directs EXIM to provide financial products to directly neutralize export subsidies offered by the People’s Republic of China, helping to ensure a level playing field for U.S. businesses and workers as they compete globally. The program has the aim of advancing the comparative leadership of the United States and supporting U.S. innovation, employment, and technological standards globally in ten transformational export industries.
More information on EXIM’s “Strengthening American Competitiveness” initiative, including a full schedule of teleconferences and recordings of previous events, can be found here.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.