The US government is announcing $1 billion in new funding for multidisciplina
The investment is part of a slow push from the White House to fund emerging technologies. Many policy advisors have worried that America is falling behind in AI and quantum research compared to rivals like China, and warn that these technologies are instrumental not only for economic development but also national security.
It’s extremely difficult to make a fair comparison of US and Chinese spend on technology like AI as funding and research in this area is diffuse. Although China announced ambitious plans to become the world leader in AI by 2030, America still outspends the country in military funding (which increasingly includes AI research), while US tech companies like Google and Microsoft remain world leaders in artificial intelligence.
Quantum computers could spur the development of new breakthroughs in science, medications to save lives, machine learning methods to diagnose illnesses sooner, materials to make more efficient devices and structures, financial strategies to live well in retirement, and algorithms to quickly direct resources.
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