This month, a bipartisan group of senators led by Majority Leader Chuck Schumer (D-NY) proposed a landmark $32 billion investment in national AI research and development over the next three years.
This first-of-its-kind initiative, aimed at harnessing the benefits and addressing the risks associated with rapidly evolving AI technologies, marks a pivotal moment for the United States as a global leader in AI innovation. Outlined in a comprehensive ‘AI roadmap,’ proposed funding seeks to boost U.S. investments in AI research and development, establish new testing standards, and enhance transparency as AI products are introduced to the market. Additionally, it emphasizes the need for studies into AI’s potential impact on the job market, ensuring a measured approach to the role of this transformative technology in the future of work.
Key takeaways from the Senate report included:
- Significant federal funding for AI research and development by ramping up to $32 billion annually by FY 2026, to maintain U.S. leadership in AI capabilities.
- Developing legislation to address concerns around AI’s impact on local journalism, election security, and modernizing government services through AI integration.
- Establishing responsible guidelines and regulatory frameworks aligned with U.S. values like privacy, consumer protection, transparency, and openness.
- Implementing workforce training programs to equip workers with AI skills while also addressing potential job displacement from automation.
The proposed $32 billion investment in AI development is a commitment to bolster America’s dedication to innovation, leadership, and the responsible stewardship of AI systems. For the Golden State, it represents an important opportunity to solidify its role as the global tech hub, driving AI solutions that are responsible, equitable, and transformative for our communities and the innovation economy.
While this is a significant step forward in developing safe and responsible AI, it’s just the beginning. That’s why SVLG’s Institute for California AI Policy is committed to working alongside federal and state policymakers, industry leaders, and the broader technology community to realize the full potential of this historic investment, ensuring that the United States continues to lead the world in the AI revolution.
