jebmo’s posthaven

The Stanford University Institute for Human-Centered Artificial Intelligence is calling for the U.S. government to make a $120 billion investment in the nation’s AI ecosystem over the course of the next 10 years. The report calls efforts by the Trump administration like calling for near $1 billion in U.S. non-defense research and development spending in 2020 “encouraging, but not nearly enough.”

The national AI vision report specifically calls for $2 billion in annual spending to support entrepreneurs and expand innovation, $3 billion on education, and $7 billion on interdisciplinary research to discover breakthroughs in the latest AI.

The report was written by center directors John Etchemendy and Dr. Fei-Fei Li, calls underfunding of AI efforts threatens U.S. global leadership and is a “national emergency in the making.”

Li is a leader at the Stanford Computer Vision Lab, creator of ImageNet, and until last year, Li served as chief AI scientist for Google Cloud.

Failure to take decisive action could also upend the global economy, the report reads.

“If guided properly, the Age of AI could usher in an era of productivity and prosperity for all. PWC estimates AI will deliver $15.7 trillion to the global economy by 2030. However, if we don’t harness it responsibly and share the gains equitably, it will lead to greater concentrations of wealth and power for the elite few who usher in this new age — and poverty, powerlessness and a lost sense of purpose for the global majority,” the report reads. “The potential financial advantages of AI are so great, and the chasm between AI haves and have-nots so deep, that the global economic balance as we know it could be rocked by a series of catastrophic tectonic shifts.”

Other calls for growth in AI research and development funding include Computing Community Consortium proposed a range of funding priorities as part of a 20-year R&D roadmap such as research into personalized education, lifetime AI assistants, and the establishment of a national research centers.

In May, legislation proposed in the U.S. Senate also called for the creation of national AI center and for $2.2 billion in annual funding over the course of the next 5 years.