U.S.: Endless Frontier Act earmarks about $100 billion for AI technology

U.S.: Endless Frontier Act earmarks about $100 billion for AI technology

17. May 2021 0 By Horst Buchwald

U.S.: Endless Frontier Act earmarks about $100 billion for AI technology

Washington, 5/17/2021

The Senate Commerce, Science and Transportation Committee will meet Wednesday to discuss proposed amendments to the revised bill, dubbed the “Endless Frontier Act.”

The bill specifically provides funding for research, education and commercialization of AI, semiconductors, quantum computers and other technologies that could help the U.S. compete with China. It also calls for the creation of 10 regional technology centers. About $100 billion would be allocated for this purpose.

That bill was authored by Senate Majority Leader Charles Schumer (D-N.Y.). Seven Republicans and six Democrats, as well as the White House, supported it. Still, some Republicans expressed negative views. They felt the Act was too expensive and did not protect U.S. interests against China. That’s why they called for $20 billion to be redirected to the U.S. defense budget.

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