US Senators Propose $32 Billion Investment Plan to Boost AI and Tech

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Crypto World Daily

Crypto World Daily

17 күн бұрын

Jimmy Aki
Last updated:
May 16, 2024 13:29 EDT
| 2 min read
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.
US Senators’ AI Investment Proposal Integrates Strategic Roadmap.
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.
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 US lawmakers recommended the creation of a federal data privacy law and expressed support for legislation to prevent the use of “deepfake technology in election campaigns.” They also called for regulatory measures to address issues such as health and financial discrimination, job displacement, and copyright violations caused by AI.
Commenting on the latest senator’s AI investment proposal, Amy Klobuchar, a senator from Minnesota, expressed support for the recommended framework for AI, particularly in Journalism, where copyright infringement has been an issue.
Lawmakers Express Concerns on AI Threat to Election.
Meanwhile, US Senators are sounding the alarm about AI’s threat to elections, specifically...
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