Obama Assembles Silicon Valley Moguls To Discuss Way Forward

US president Barack Obama has met with prominent US business leaders including Steve Jobs, Eric Schmidt and Mark Zuckerberg in San Francisco to discuss the government's new technology plan.

According to ABC News, the president met with Silicon Valley pioneers to discuss the possibilities of fuelling more jobs and innovation in the industry and to keep investing in hi-tech projects in order to stabilise the economy.

The meeting, which took place at the home of venture capitalist John Doerr, involved the president discussing key matters over dinner with Apple CEO Steve Jobs, Google CEO Eric Schmidt and Facebook founder and CEO Mark Zuckerberg.

Also present at the dinner were heads of several other tech firms like Oracle, Yahoo, Twitter and NetFlix.

White House press secretary Jay Carney told ABS News that the president pitched his plans for increasing spending on research and development and introducing incentives for companies to increase their hiring and creating of jobs.

President Obama sees targetting spending on educational initiatives aimed at producing a more sophisticated workforce, as critical for job creation and the competitiveness of the US in the international marketplace. The meeting was aimed at getting some of the Silicon Valley's leading businessmen onboard as well as seeking their advice.