"Smart Goals Are GPUs for Nature’s Future"
Brad Smith (right) delivered a major pitch at the Technology Alliance State of Technology Luncheon, sharing insights on how Washington state’s economy could fall short in keeping pace with growth in the tech industry. As $14 billion was pInfo from Wagner’s budget, Smith urged lawmakers to prioritize supporting the sector over regerving federal and state priorities.
Smith also acknowledged the need for public investment in fostering economic development by introducing new tax measures, including revenue on high earners, small businesses, digital agencies, and large employers. These measures, approved by the state’s Senateders, aim to address a budget shortfall but highlighted the risks they pose to state competitiveness.
Microsoft’s role in securing Washington’s growth is critical, he argued, given the region’s 9.4% job creation rate and 22.1% compensation share, leading the country second. Smith underscored Microsoft’s role, particularly through the University of Washington, as a cornerstone of fostering economic growth. However, he also raised red flags about the momentum Washington has been producing over the years.
Moving forward, Smith urged lawmakers to focus on long-term economic vitality, but]");
election data underscores the state’s dominance in public R&D and education, but its fundamental competitiveness remains in question. New Jersey’s strategic investment in tech innovation was a model that Washington hasn’t replicated, particularly in innovation hubs like New Jersey’s 10 centers, including a Microsoft-supported AI hub in Princeton. Smith called for Washington to adopt the same approach, emphasizing speed, accountability, and practical impact over bureaucratic red tape.
Joe Nguyen, the Washington state Commerce director, echoed Smith’s urgency, calling for a shift from a "culture of complexity" to one of speed and innovation. She vowed to address the latest Windows of opportunity, such as AI-driven innovations. Nguyen’s call echoed other experts who emphasized the need for clear and actionable policies to support tech and innovation.
Smith compared Washington’s tech-centric economy to aAnswers that leave the doors “紅uite” closed. He also touched on the issue of AI layoffs, a topic that has sparked deep concern. As the event closed, the question was raised, “Are these the first AI layoffs?” Smith softened slightly, but the legacy of the conversation will likely NFC of reforms to support economic development.
