US senators propose $32 billion AI investment plan

A bipartisan group of four senators, led by Majority Leader Chuck Schumer, has recommended that the U.S. Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safeguards. The roadmap is another effort by the U.S. government to regulate and promote the development of artificial intelligence. Six days ago, U.S. lawmakers unveiled a bipartisan bill to help the Biden administration impose export controls on top AI models made in the United States. After months of meetings with industry experts and AI critics, the bipartisan working group identified the importance of AI investment to keeping the United States competitive with foreign competitors and improving the quality of life for Americans - supporting technologies that may help cure certain cancers or chronic diseases. While the roadmap does not constitute a specific bill or policy proposal, it provides lawmakers and stakeholders with a glimpse into the scope and scale of future AI legislation, laying the foundation for more comprehensive and detailed policies in the future. (Cointelegraph)