Privacy law enactment news and government announcements

Schumer-Led Bipartisan Senators Propose $32 Billion AI Roadmap Annually by 2026

May 15, 2024, 03:31 PM

A bipartisan group of U.S. senators, led by Senate Majority Leader Chuck Schumer, has unveiled a comprehensive AI policy roadmap. The roadmap calls for $32 billion in emergency spending over the next three years to support AI research and development, establish testing standards, and create a federal data privacy law. The proposal aims to guide the safe development of artificial intelligence and ensure the U.S. maintains its leadership in the technology. The roadmap is the result of a year-long review and includes input from both Democratic and Republican senators, including Mike Rounds, Martin Heinrich, and Todd Young. The plan also emphasizes the need for innovation, safety, and accountability in AI development. The roadmap also recommends spending $32 billion annually by 2026 to cement America’s dominance in AI. This initiative follows Schumer’s AI Insight Forums and includes a sprawling list of recommendations, highlighting the necessity of tens of billions in funding.