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Home News

US Senators Call for $32B AI Investment

May 15, 2024
Reading Time: 2 mins read
in News
US Senators Call for $32B AI Investment

A bipartisan group of four senators, spearheaded by Majority Leader Chuck Schumer, is urging Congress to allocate a minimum of $32 billion over the next three years for the advancement of artificial intelligence (AI) technologies and the implementation of protective measures. The group asserts that the United States must seize the opportunities presented by AI while mitigating potential risks. Despite occasional differences in approach, the senators stress the necessity of finding common ground, especially considering the rapid development of AI and substantial investments made by other nations like China.

The senators’ recommendations, outlined in a 33-page report, encompass a range of policy proposals aimed at bolstering U.S. investments in AI research and development. Key measures include emergency spending legislation to accelerate AI investments, the establishment of new testing standards to assess potential risks, and enhanced transparency requirements for AI products. Additionally, the group calls for comprehensive studies to evaluate AI’s impact on employment and the workforce.

Republican Senator Mike Rounds emphasizes the significance of investing in AI not only to compete with other countries but also to enhance Americans’ quality of life. He underscores the potential benefits of AI in areas such as healthcare and national security. The bipartisan effort, initiated by Schumer and comprising Senators Martin Heinrich, Todd Young, and Rounds, underscores the growing recognition within Congress of the transformative impact of AI and the imperative for proactive policymaking in this rapidly evolving field.

Reference:
  • US Bipartisan Senators Call for $32B AI Investment

Tags: AIArtificial Intelligencebipartisan groupChinaCyber Attackscyber incidentsCyber Incidents 2024Cyber RiskGovernmentMay 2024SenatorsUSA
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