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Justin Rattner, Intel chief technology officer spoke about the importance of U.S. innovation to job creation, the economy and the future of U.S. competitiveness at the U.S. Innovation Summit in Washington D.C. Rattner discussed how Intel undertook a transformation in their approach to research and innovation and how far they've come in the past few years. This approach is a 21st century model of industrial research in contrast to the 20th century model of Bell Labs and the many U.S., European, and Asian companies that copied the Bell Labs model in the past.