U.S. Senator Proposes $32 Billion AI Investment Plan

ChainCatcher news, a bipartisan group of four senators led by Majority Leader Chuck Schumer has proposed that the U.S. Congress spend at least $32 billion over the next three years on developing artificial intelligence (AI) and establishing safeguards.

This 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 assist the Biden administration in implementing export controls on top AI models made in the U.S.

After months of meetings with industry experts and AI critics, the bipartisan working group identified the importance of AI investment in maintaining U.S. competitiveness against foreign rivals and improving the quality of life for Americans—supporting technologies that may help cure certain cancers or chronic diseases.

While this roadmap does not constitute specific legislation or policy proposals, it provides lawmakers and stakeholders a glimpse into the scope and scale of future AI legislation, laying the groundwork for more comprehensive and detailed policies to come.