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A new Senate bill aims to empower the National Science Foundation (NSF) to oversee a multimillion-dollar competition focused on artificial intelligence innovations. The AI Grand Challenges Act, introduced by Representatives Jay Obernolte and Ted Lieu, aligns with a previous bill from Senators Cory Booker, Martin Heinrich, and Mike Rounds. This legislation seeks to incentivize researchers and entrepreneurs to drive advancements in AI technology across various critical sectors.
The proposed competitions will offer $1 million prizes to tackle pressing issues in areas such as health, cybersecurity, and energy. Additionally, the NSF will collaborate with other federal agencies to manage $10 million challenges specifically targeting AI breakthroughs in cancer treatment. This initiative is designed to ensure the U.S. remains at the forefront of AI research and development while addressing significant societal challenges.
• AI Grand Challenges Act promotes innovation through competitive funding.
• Legislation aims to solve critical issues using AI technologies.
The legislation emphasizes the importance of maintaining leadership in AI research and innovation.
The NSF is tasked with overseeing the proposed AI competitions to drive innovation.
The AI Grand Challenges Act proposes these competitions to incentivize advancements in AI technologies.
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