White House announces $140M AI investment ahead of meeting with OpenAI

https://www.cnbc.com/2023/05/04/white-house-announces-ai-hub-investment.html

by eallam • 3 years ago

13 4 3 years ago

cnbc.com

RobotToaster• 3 years ago

More public money going to a private company to make private profits?

thrawa8387336• 3 years ago

Just think, what are they buying? ;)

anaganisk• 3 years ago

Tell me how to win elections?

uvnq• 3 years ago

It doesn't sound like this money is going to OpenAI exclusively, and I would guess its similar to the NSFs current SBIR but for AI (though idk, the article just mentioned "research institutes"). The NSF SBIR already gives money to for-profit companies provided the research is actually useful to society (though I don't have much experience working with them so I could be wrong)

Also, given the new tax act that is in play, isn't it basically impossible for this money to go to small businesses doing RnD? On a tangential note I am worried that this measure will just create a gradiant that consolidates more power to large businesses. Unless it is made optional to depreciate domestic RnD over 5yrs, new companies cannot use grants as funds lest they be hit with a massive tax bill and no profit to pay for it with

White House announces $140M AI investment ahead of meeting with OpenAI

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