US to spend $625m on AI

The US on Wednesday said it will spend $625 million over the next five years on centers to research artificial intelligence and quantum computing.

An additional $340 million will be contributed by the private sector and academic institutions, bringing the total planned investment close to $1 billion, according to a release by the Department of Energy (DOE).

The money will go to establishing a dozen research institutes focused on artificial intelligence and quantum computing, the DOE said.

"These institutes will be world-class hubs for accelerating American innovation and building the 21st century American workforce," said US Chief Technology Officer Michael Kratsios.

The US invests more than $500 million annually in AI research and is building on that effort to "advance American competitiveness," according to National Science Foundation director Sethuraman Panchanathan.

AFP