Dear Senators Heinrich, Portman, and Schatz:
The U.S. Chamber of Commerce’s Technology Engagement Center (C_TEC) supports S. 1558, the “Artificial Intelligence Initiative Act,” and applauds your leadership in introducing this bipartisan legislation. S. 1558 would be a critical first step to cement American leadership in artificial intelligence and ensure that A.I. benefits our society as a whole.
Artificial intelligence is already transforming industries ranging from healthcare to transportation, and will affect businesses of all sizes and sectors. According to a recent McKinsey & Company report, A.I. is projected to add $13 trillion to global economic activity by 2030. To fully realize these benefits, the United States must retain its leadership position on A.I. innovation and research and development.
S. 1558 would be critical to achieving this objective through ensuring a coordinated national strategy across federal agencies to prevent duplication and effectively develop national A.I. priorities. The legislation would also make targeted federal investments in A.I. research and development through accelerating the development of A.I.-related standards, prioritizing resources to address novel challenges associated with A.I., and establishing A.I. research and development centers to strengthen public-private partnerships.
The Artificial Intelligence Initiative Act presents a thoughtful and comprehensive approach to guarantee that the United States remains a global leader in A.I., and C_TEC encourages passage of this important legislation.