US Increases Funding for AI and Quantum Information Science

The White House has announced additional funding for Artificial Intelligence and Quantum computing research.

The US is adding over $1 billion in funding to setup seven Artificial Intelligence Research Institutes and five Quantum Information Science (QIS) Research Centers over the next five years.

The National Science Foundation and Department of Energy will lead the programs.

There has already been AI and Quantum research spending.

Private spending on AI and quantum computing in the US is $40 billion per year. The US is leading the world with AI and quantum computing technology.

China has invested tens of billions into AI and quantum technologies. Europe, Japan, Canada, Australia are all competing in these critical future technologies.

SOURCES- White House, Fed Scoop
Written By Brian Wang,

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