Schumer’s AI Plan Urges Billions in Spending to Challenge China

May 15, 2024, 2:21 PM UTC

The US needs to shield Americans from the risks posed by artificial intelligence while promoting the emerging technology with at least $32 billion in annual government spending to stay ahead of rivals like China, according to a highly anticipated policy blueprint from a bipartisan group of senators.

Congress should craft legislation that mitigates AI’s potential harm and funds research to boost US economic and national security, according to the plan released Wednesday by Senate Majority Leader Chuck Schumer. US companies including OpenAI, Alphabet Inc.’s Google, and Meta Platforms Inc. currently hold the global lead, yet China’s race ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.