Legislation would create a new prize program to jump-start innovation in responsible artificial intelligence development.
Today, U.S. Senators Cory Booker (D-NJ), Mike Rounds (R-SD), and Martin Heinrich (D-NM) announced the introduction of the AI Grand Challenges Act, a bipartisan bill to harness the promise of artificial intelligence to solve complex problems across a range of sectors.
The bill directs the National Science Foundation (NSF) to establish an AI Grand Challenges Program and administer prize competitions – with $1 million minimum prizes – to incentivize researchers, entrepreneurs, and innovators to harness AI to address specific and measurable challenges to benefit the United States and serve the public good.
Notably, the bill calls for specific and well-defined challenge statements and requires the director of NSF to: "seek public input on the identification of artificial intelligence research and development grand challenges."
To read the full text of the bill, click here.
To read a summary of the bill, click here.
