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Building out its previous commitment, the White House is announcing a $1 billion investment into two of tech’s most promising frontiers, AI and quantum computing.

Last year, the Trump administration rolled out an executive order on AI declaring its intention to bolster U.S. dominance in the field, but the order didn’t address much in the way of funding its plans. This February, the Trump administration called for more than two billion dollars to be invested in non-defense AI and quantum research by 2022.

The White House’s  new initiative will fund a series of academic and private sector R&D hubs linked to federal agencies to work on foundational problems and “pursue transformational advances” across topics like quantum computing, machine learning and computer vision.

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

Read more here:

https://techcrunch.com/2020/08/26/ostp-ai-quantum-institutes/?guccounter=1

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