Podcast: Breaking down the 2024 election

In 2018, Economist Raj Chetty and his colleagues revealed a sobering truth: talent is everywhere, but opportunity is not. Their research on "Lost Einsteins" demonstrated that countless young Americans with the potential to be great inventors never get the chance to develop their skills simply because they lack exposure to innovation and mentorship. The data was clear: if a child grows up in an area with a high concentration of inventors, they are far more likely to become one themselves. But for too many, particularly those in rural and lower-income communities, the door to innovation remains closed. Failure to find those “Lost Einsteins” has deprived us all of a better future. Chetty forecasted that "if women, minorities, and children from low-income families were to invent at the same rate as white men from high-income (top 20%) families, the rate of innovation in America would quadruple." That’s a more prosperous, dynamic America.

The introduction of artificial intelligence (AI) carries the promise of realizing that brighter future if we learn from our prior mistakes. A lack of broad exposure among our youth to AI and the individuals shaping its development threatens to leave behind an entire generation of would-be entrepreneurs, scholars, and thought leaders. We risk creating "Lost Sams"—referring to OpenAI's Sam Altman as a stand-in for AI innovators—and "Missing Fei-Feis"—a nod to Stanford AI researcher Fei-Fei Li. Without urgent action, we will reinforce the existing gaps in AI leadership, limiting who gets to shape the future of this transformative technology.