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Artificial Intelligence Roadmap Could Cost USD$32bln Per Year

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A bipartisan group of senators led by Senate Majority Leader Chuck Schumer (D-NY) have unveiled a multi-year roadmap for Congress to tackle issues related to Artificial Intelligence which could cost USD$32 billion per year by 2026.

  • Schumer said in a press briefing that individual bills could come to floor as soon as this year: “What we expect is that we would have some bills that certainly pass the Senate… by the end of the year. It won’t cover the whole waterfront. There’s too much to cover and things are changing so rapidly... the fact that we’re bipartisan will allow us to continue [in the next Congress]."
  • The roadmap covers: Boosting funding for AI innovation; Tackling nationwide standards for AI safety and fairness; Using AI to strengthen U.S. national security; Addressing potential job displacement for U.S. workers caused by AI; Tackling so-called “deepfakes” being used in elections, and “non-consensual distribution of intimate images”; Ensuring that opportunities to partake in AI innovation reach schools and companies (summary per Politico)
  • Senator Mike Rounds (R-SD) sought to get ahead of Republican funding objections: “We’re going to upgrade the old message of ‘you could be penny wise and pound foolish’ — in this case, may very well be, ‘you could be billions wise and trillions foolish.”
  • Punchbowl News reports Schumer, “intends to meet with [House] Speaker Mike Johnson [R-LA] about the framework in the coming weeks, and their staffs have already held preliminary discussions."
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A bipartisan group of senators led by Senate Majority Leader Chuck Schumer (D-NY) have unveiled a multi-year roadmap for Congress to tackle issues related to Artificial Intelligence which could cost USD$32 billion per year by 2026.

  • Schumer said in a press briefing that individual bills could come to floor as soon as this year: “What we expect is that we would have some bills that certainly pass the Senate… by the end of the year. It won’t cover the whole waterfront. There’s too much to cover and things are changing so rapidly... the fact that we’re bipartisan will allow us to continue [in the next Congress]."
  • The roadmap covers: Boosting funding for AI innovation; Tackling nationwide standards for AI safety and fairness; Using AI to strengthen U.S. national security; Addressing potential job displacement for U.S. workers caused by AI; Tackling so-called “deepfakes” being used in elections, and “non-consensual distribution of intimate images”; Ensuring that opportunities to partake in AI innovation reach schools and companies (summary per Politico)
  • Senator Mike Rounds (R-SD) sought to get ahead of Republican funding objections: “We’re going to upgrade the old message of ‘you could be penny wise and pound foolish’ — in this case, may very well be, ‘you could be billions wise and trillions foolish.”
  • Punchbowl News reports Schumer, “intends to meet with [House] Speaker Mike Johnson [R-LA] about the framework in the coming weeks, and their staffs have already held preliminary discussions."