DC just got serious about taking on China in the AI arms race

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A bipartisan Senate group is calling for $32 billion in annual federal AI spending. The group wants to ensure the US stays ahead of China — which is also spending big on AI. Group leader Sen. Chuck Schumer said the money will "cement America's dominance in AI." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement A bipartisan group of US Senators wants to spend billions of dollars on a game plan to dominate artificial intelligence. Senate Majority Leader Chuck Schumer and three other senators who assembled an AI Working Group released their initial report on Wednesday. It's a policy road map that calls for $32 billion in annual federal spending on AI for nonmilitary purposes. That money, they said, would go toward research and development, reducing AI's potential harm, managing its potential impact on elections and jobs, and ensuring AI systems adhere to existing laws. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .