Biden Administration Launches $140 Million Investment in AI Research

President Biden's commitment to responsible innovation drives a $140 million investment in AI research, fostering collaboration across academia, government, and industry.

U.S. President Joe Biden
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Biden Administration Commits $140 Million for AI Research, Launches Seven Research Institutes

The Biden Administration has announced a significant investment of $140 million USD in the field of artificial intelligence (AI). Under the auspices of the National Science Foundation, an independent agency of the U.S. government dedicated to non-medical scientific and engineering research, seven new research institutes will be established.

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In a statement made on Thursday, the Administration highlighted that these institutes will foster collaboration among higher education institutions, federal agencies, and industry partners. The research will focus on “transformative” AI that upholds principles of trustworthiness, ethics, and public service.

Recognizing the immense power of AI as a technology, the Administration emphasized the need to address associated risks to fully harness its potential. “AI is one of the most powerful technologies of our time, but in order to seize the opportunities it presents, we must first mitigate its risks,” stated the Administration in its announcement. President Biden has been clear in prioritizing people and communities, advocating for responsible innovation that serves the public good while safeguarding society, security, and the economy.

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In addition to the financial commitment, Vice President Kamala Harris held meetings with the CEOs of Alphabet, Anthropic, Microsoft, and OpenAI, among other companies. As part of these discussions, the companies have agreed to undergo a public evaluation to assess how their AI aligns with the principles and practices set forth by the Administration.


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