US federal spending on the development of artificial intelligence technologies has grown to $1 billion. According to experts who will be included in the AI committee, solutions based on artificial intelligence will bring the United States a profit of $13 trillion by 2030. Writes about this VentureBeat.
This week, the US Department of Commerce announced that it will form a committee to advise federal agencies on AI research and development. Called the National Advisory Committee on Artificial Intelligence, it will focus on AI-related issues, including the current state of US competitiveness and how AI can expand opportunities across geographic regions.
The creation of the committee is associated with an increase in federal spending on artificial intelligence technologies during the pandemic. Federal spending on AI rose to nearly $ 1 billion in 2020, according to Deltek’s GovWin, making it one of the fastest growing areas for new technology investment. While this figure is not in line with estimates – Bloomberg predicted that in 2021 the United States will allocate more than $ 6 billion to R&D projects related to artificial intelligence.
Former Google CEO Eric Schmidt is one of those calling on lawmakers to increase funding for AI while encouraging public-private partnerships to develop AI applications in government agencies. The National Security Commission on Artificial Intelligence estimates that the US needs to spend $ 32 billion over the next few years to win the AI race with China. To that end, President Joe Biden proposed spending 2% of total U.S. output – or GDP – on science, up from about 0.7%. That equates to roughly $ 418 billion of last year’s GDP, up from approximately $ 146 billion.