U.S. proposes $32bn annual investment in AI to outperform China in field
A bipartisan group of senators, led by Majority Leader Chuck Schumer, is pushing for significant funding to bolster artificial intelligence (AI) research in the United States. The proposed investment of $32 bn annually aims to secure America's position as a leader in AI technology, Firstpost reports on May 16.
The senators, including Republicans Mike Rounds and Todd Young, along with Democrat Martin Heinrich, are advocating for this funding to address both the potential benefits and risks associated with AI.
Schumer highlighted the importance of these investments in preventing China from surpassing the U.S. in AI capabilities. The proposed roadmap aims to address growing concerns about China's advancements in AI, which include worries about election interference, bioweapons development, and cyberattacks. U.S. officials have raised alarms about China's potential misuse of AI, emphasizing the need for action to protect American interests.
Senator Rounds strtessed the long-term benefits of investing in AI, noting that while China currently outspends the U.S. by a weighty margin on AI development, timely investments can help ensure America's competitiveness in the future.
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