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Schumer, Bipartisan Senators Propose $32 Billion AI Plan Over 3 Years to Maintain Competitive Edge

May 15, 2024, 09:03 AM

A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, has unveiled a comprehensive AI policy roadmap. The proposal calls for $32 billion in emergency spending over the next three years to guide the safe development of artificial intelligence and maintain America's competitive edge against China. The initiative aims to establish guardrails to mitigate risks associated with AI while promoting its potential benefits. The senators emphasized the need for clear guidelines to safeguard elections and protect American workers and businesses from foreign adversaries. Additionally, the CREATE AI Act was introduced to democratize access to AI systems, ensuring advancements benefit society. The announcement follows discussions at the AI Expo for National Competitiveness attended by Senators Heinrich, Young, and Rounds.