Wednesday, September 16, 2020

Trump administration announces $1B investment in AI, quantum computing

From The Hill.com (Aug. 26):

The Trump administration announced more than $1 billion in funding for new research institutes focused on artificial intelligence and quantum computing on Tuesday.

The funding will be allocated to seven National Science Foundation-led AI institutes and five Department of Energy-led quantum ones over the next five years.

“Today, the Trump Administration is making an unprecedented investment to strengthen American leadership in AI and quantum, and to ensure the Nation benefits from these emerging technologies," Michael Kratsios, the White House's chief technology officer, said in a statement. "Built upon the uniquely American free market approach to technological advancement, these institutes will be world-class hubs for accelerating American innovation and building the 21st century American workforce.”

The quantum computing centers will get a boost from private sector companies including IBM, Microsoft, Intel, Applied Materials and Lockheed Martin. [read more]

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