President Donald Trump has a federal budget of $4.8 trillion for the fiscal year ending in September 2021. This budget will include $2 Billion dedicated to Artificial Intelligence over the next two years. This is in the official White House plan placing emphasis on the importance of artificial intelligence in our economy.
China wants to establish itself as the worlds primary AI center within the next decade. This dedication of funds is a response to this fierce rivalry with China, almost like the nuclear arms race, except it is essentially Artificial Intelligence race. This race for Artificial Intelligence dominance is as U.S. Chief Technology Officer Michael Kratsios, stated “the country is facing a global power competition for AI.” It is now a head to head race for AI dominance in the economy.
The proposal budget will also focus spending for AI as well as to increased spending on quantum computing which will go hand in hand with Artificial Intelligence. The budget also proposes $50 million in AI and quantum education and job training initiatives. The United States is on its way to beat China in the global AI race. AI is entering the economy full force, it is time to prepare yourself.
LIS 4022 Spring 2020 