US Senators Propose $32 Billion Investment Plan to Boost AI and Tech Growth
A bipartisan group of four senators urged Congress to take bold, decisive action to secure American leadership in the artificial intelligence (AI) sector on May 15.
The senators’ AI investment plan, led by Majority Leader Chuck Schumer, is pushing for $32 billion in funding over the next three years to develop AI in the country.
In a 31-page document titled “Driving U.S. Innovation in Artificial Intelligence,” the group of two Democrats and Republican senators outlined a roadmap that would see the US take proactive steps to “harness the opportunities and address the risks” of the rapidly developing technology.
Now, obviously the Senate can’t make a law on its own, so I plan to meet with Speaker Johnson in the near future to see how we can make this bipartisan effort BICAMERAL with our AI Policy Roadmap.https://t.co/vbHKER9zNg pic.twitter.com/0H71VaubAz
— Chuck Schumer (@SenSchumer) May 15, 2024
The proposed funding would primarily cover non-defense applications of AI, though the senators are also considering a major allocation for defense-related AI projects. Additionally, they proposed funding for cross-government AI research and development, including initiatives for AI-ready data and government AI testing and evaluation infrastructure.
“If China is going to invest $50 billion, and we’re going to invest in nothing, they’ll inevitably get ahead of us. So that’s why even these investments are so important,” Schumer stated.
Many commentators believe the senator’s AI investment plan could help the country address increasing concerns about China’s advancement in the sector. Washington fears that Beijing could use AI for malicious purposes, such as meddling in the Presidential elections or launching cyberattacks.
Additionally, the
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