White House Plan To Invest 1 Billion For AI And Quantum Computing

The White House has recently announced its plans to invest $1 billion into AI and quantum computing, two very promising tech frontiers.

Last year, President Trump’s executive order on AI had presented their intention to bolster their dominance in the field. However, these orders failed to address anything on funding and other plans.

In February 2020, the Trump administration called for an investment of two billion dollars in non-defense for AI and quantum research by 2022.

The new initiative by the house will fund a series of academic and private sector R&D hubs that are linked to federal agencies. They will be working on foundational problems to pursue transformational advances on several topics such as ML, quantum computing, and computer vision.

Also Read: Trump Signs Executive Orders To Ban TikTok And WeChat From US In 45 Day

In a statement, U.S. CTO Michael Kratsios said that the institutes are “world-class hubs for accelerating American innovation and building the 21st-century American workforce.”

With this amount, they plan to establish seven AI Research Institutes and five Quantum Information Science (QIS) Research Centers in the span of the next five years.

The five AI research institutes under the National Science Foundation (NSF) will receive $20 million each. Other institutes will partner with the USDA will also be a part of the compensation.

They will be established in partnerships with already existing academic research groups at the University of Texas, the University of Colorado, the University of Oklahoma, UC Davis, MIT, and the University of Illinois.

The new five Department of Energy that will focus on quantum information science will benefit from $625 million over the span of five years. They will be established at Argonne, Brookhaven, Lawrence Berkeley, Fermi, and Oak Ridge national labs.

The DOE will attract significant interest from tech leaders in the private sector. They also have partnered with tech firms including Microsoft and Intel which have committed staff and equipment for the new institutes.