Schumer's AI group supports $32 billion federal spending proposal

Webp tcnbirtuzk985chjqbpm50haef98
Matthew Schruers President & CEO at Computer & Communications Industry Association | Official website

Schumer's AI group supports $32 billion federal spending proposal

Sen. Chuck Schumer's Artificial Intelligence Working Group has endorsed a roadmap for AI policy, supporting a proposal that the federal government should allocate $32 billion towards AI. The spending proposal, which was unveiled at a news conference today, encompasses expenditures on private-public partnerships and an emergency call akin to Sputnik for R&D funding across various government agencies including Energy, Commerce, the National Science Foundation and NASA.

The Computer & Communications Industry Association (CCIA), which has been advocating for tech policies that foster innovation for over half a century and has published a whitepaper on AI policy recommendations, responded positively to the proposal.

CCIA Senior Counsel for Innovation Policy Joshua Landau commented on the matter: “As the U.S. competes with other countries to develop AI innovations, the Administration’s efforts to improve funding for public-private AI R&D and the National AI Research Resource is welcome news. While companies are investing in research and development on their own, they don’t always have the freedom to invest in the higher risk higher reward research that sometimes produces the biggest leaps in innovation. We look forward to working with Sen. Schumer and others on this proposal and ways to promote U.S. leadership in AI development.”