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AI Grand Challenges: Funding Breakthrough Research in Health, Security, and Innovation.

This law establishes a competitive prize program managed by the National Science Foundation (NSF) to accelerate Artificial Intelligence (AI) research and development. The program incentivizes US-based researchers and companies to solve major national issues, including cybersecurity, environmental protection, and cancer diagnostics. Citizens stand to benefit from faster technological breakthroughs that improve daily life, particularly in healthcare and security.
Key points
Creates prize competitions with minimum awards of $1 million to spur AI development in critical areas like health, transportation, and national security.
Mandates a specific competition with a minimum $10 million prize focused on AI breakthroughs for cancer detection, diagnostics, and treatment.
Participation in the prize program is restricted to US citizens, permanent residents, and companies primarily based in the United States to ensure domestic innovation benefits.
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Additional Information
Print number: 118_S_4236
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2024-05-01