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HomeNewsBiden to Invest $140 Million to Launch Seven New AI Research Institutes

Biden to Invest $140 Million to Launch Seven New AI Research Institutes

The announcement came ahead of a meeting between Vice President Kamala Harris and the leaders of America's four top AI tech companies: Alphabet, OpenAI, Anthropic, and Microsoft.

The Biden Administration announced a broad range of planned actions on Thursday to help reduce some of the risks that these developing technologies pose to the American public. This announcement came ahead of a meeting between Vice President Kamala Harris and the leaders of America’s four top AI tech companies: Alphabet, OpenAI, Anthropic, and Microsoft. 

This includes requesting the Office of Management and Budget (OMB) to draft policy guidance for federal employees, asking leading AI companies to commit to participating in a “public evaluation” of their AI systems at DEFCON 31. It also includes allocating $140 million to the establishment of seven new AI research and development centers as part of the National Science Foundation.

A senior administration official stated during a call with reporters on Wednesday that “the Biden Harris administration has been leading on these issues since long before these latest generative AI products debuted last autumn.”

Read More: OpenAI Closes $300 Million Funding Round Between $27-$29 billion Valuation

In an effort to help guide the design, development, and deployment of AI and other automated systems to protect the rights of the American public, according to a White House news release, the Administration revealed its “AI Bill of Rights” “blueprint” last October.

“In a time of rapid innovation,” the administration document continued, “it is essential that we make clear the values we must advance and the rights we must protect. We have provided business, legislators, and the people creating these technologies with some clear ways that they can limit the risks with the framework for an AI bill of rights.”

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Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.

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