What The CHIPS and Science Act means for Artificial Intelligence
On July 27, 2022, Congress passed the CHIPS and Science Act to spend $280 billion focused on boosting the United States’ scientific research and advanced semiconductor manufacturing capacity to boost U.S. competitiveness against China. This policy explainer describes the CHIPS and Science Act (hereafter, the “CHIPS Act”) and its impact on artificial intelligence (AI), including funding allocated to AI-related research and activities and provisions related to new AI capacitybuilding and development programs.
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