In March 2024, The Biden Administration released its Presidential Budget proposal for FY2025. The Institute for AI Policy and Strategy (IAPS) Policy and Standards team highlights the following three AI-related items of President Biden’s FY2025 budget and analyzes them in terms of their potential impact on the responsible development of advanced AI:
$65M with the Department of Commerce to promote leadership and responsible innovation in AI.
$223M with the Bureau of Industry and Security to protect critical and emerging technology.
$455M with the Department of Energy to strengthen AI, cybersecurity, and resilience of the energy sector.