A Senate working group has proposed $32 billion in annual funding for AI programs, covering a wide range of areas from infrastructure to national security risk assessments. In theory, this "roadmap" sets the stage for future legislation, identifying key investment areas to keep the US competitive in the global AI landscape.
The final report, "Driving U.S. Innovation in Artificial Intelligence," published by The Bipartisan Senate AI Working Group, includes a cross-government AI R&D effort, funding for American AI hardware and software development, and expansion of the National AI Research Resource. It also prioritizes "AI grand challenges" to drive innovation, support for AI readiness and cybersecurity in elections, and modernization of federal IT infrastructure. Additionally, the report addresses defense-related AI threats, regulatory gaps in finance and housing, and the need for transparency and accountability in AI systems. Credit where credit is due; it's worth a read.
While this report is not a bill or detailed policy proposal, it may provide a starting point for future legislation. Not to throw cold water on this obviously well-intentioned initiative, but with the likelihood of actual legislation being so slim during an election year, this report is certain to be out of date before the proposed regulations are even considered.
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ABOUT SHELLY PALMER
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.
