“As AI technology continues to advance, its progress has the potential to dramatically reshape the nation’s economic growth and welfare. It is critical the federal government build upon, and increase, its capacity to understand, develop, and manage the risks associated with this technology’s increased use,” the report stated.
While the US has traditionally led the world in developing and applying AI technologies, the new report finds it’s no longer a given that the nation will be number 1 when it comes to AI. Witnesses interviewed by the House Subcommittee said that federal funding levels for AI research are not keeping pace with the rest of the industrialized world, with one witness stating: “[W]hile other governments are aggressively raising their research funding, US government research has been relatively flat.”
Perhaps not surprisingly, China is the biggest competitor to the US in the AI space. “Notably, China’s commitment to funding R&D has been growing sharply, up 200 percent from 2000 to 2015,” the report said.
AI’s potential threat to national security was cited as a key reason to ramp up R&D efforts. While there has yet to be a major hack or data breach involving AI, many security experts believe it is only a matter of time.
Cybersecurity companies are already leveraging AI to assist in tasks such as monitoring network traffic for suspicious activity and even for simulating cyberattacks on systems. It would be foolish to assume that malicious parties aren’t looking to take advantage of AI for their own gain as well. more>