Jim Breyer’s Post

 I am excited to announce that Defense Advanced Research Projects Agency (DARPA) has selected the Texas Institute for Electronics at The University of Texas at Austin to develop the next generation of high-performing semiconductor microsystems for the United States Department of Defense. The $840M award is among the most significant ever to UT or UT System institutions. TIE will establish a national, open access R&D and prototyping fabrication that will enable DOD to create higher performance, lower power, light weight and compact defense systems such as radar, satellite imaging and unmanned aerial vehicles. The old Wayne Gretzky quote is “skate to where the puck is going,” and we worked with the state of Texas to do just that and to compete, and it paid off. We have a significant opportunity to not only give our military a competitive edge, but also create jobs, attract businesses, grow Austin’s innovation ecosystem and cement Texas as a leader in microsystems innovation. I am grateful to U.S. Sen. John Cornyn, to DARPA for recognizing our talent and facilities as a worthy investment and for Prof. S.V. Sreenivasan , one of the world’s leading experts in semiconductors, for his vision and leadership and constructing a team that will achieve great things. My sincere thanks to our Texas Delegation, especially U.S. Sen. John Cornyn, a great example of our delegation working together. Learn more about how this new center will build upon the strengths of UT and Cockrell School of Engineering, The University of Texas at Austin, plus the investments made by the great state of Texas: https://utex.as/3y4u2gg

A theme that came up repeatedly on my recent visits with Austin technology leaders: talent. Despite the introduction of artificial intelligence and automation, the demand for talent remains strong. That's why recruiting mission-driven technology professionals remains a key reason companies locate in Austin. On a visit to chip manufacturer Samsung Semiconductor, I heard about the tech giant’s strong veteran pipeline and recruiting partnerships with The University of Texas at Austin, Texas A&M University and other regional universities and community colleges. Samsung also develops talent by helping employees learn new skills as technology evolves. Finding the right talent will be important as the company builds a new manufacturing facility outside of Austin in Taylor.  Special thank you to San Antonio branch director Tyson Tuttle for joining us on this visit and sharing industry insights with me. Read Dallas Fed research on the topic here: https://lnkd.in/eAQFTBQX

The ownership group behind the Boston Celtics has put the team up for sale, weeks after it won the NBA championship.

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Artificial intelligence comes with immense opportunities - but also significant risks. We need responsible #AI principles to guide the technology. A new World Economic Forum white paper explores the role of investors in advancing the adoption of responsible #artificialintelligence. It offers a playbook, allowing them to take advantage of the technology's potential while being prudent in the longer term. CPP Investments | Investissements RPC Read it here: https://lnkd.in/d_TprYft