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Biden and Kishida Secure Funding for Joint AI Research Program

TL;DR

  • Biden and Kishida spearhead a $50M joint AI program with Amazon and Nvidia.
  • US-Japan collaboration tackles regulatory challenges in AI.
  • Microsoft invests $2.9B in AI and cloud computing, driving tech advancements.

Mr. Joe Biden, President of the United States, and Mr. Fumio Kishida, Prime Minister of Japan, have architected an innovative partnership between the two countries for the promotion of AI research as they announced in their recent address. The initiative, with heavyweights Amazon and Nvidia onboard, would promote innovation through finding applications and building alliances in the AI field that is fast developing.

$50M engagement in research of AI

The Joint AI Research Program will fund$50 million for carrying out the project. Amazon.com Inc. and Nvidia Corp will invest equally in this program. Both Seattle University and Tsukuba University will jointly carry out this program. Furthermore, research focused on Artificial intelligence along with other mechanisms aiming for a link between Carnegie Mellon University in Pittsburg with Keio University in Tokyo, Tokyo, Japan, is in progress.

The collaboration substantiates a mutual ecosystem of both countries to take their AI exploration to the next level. Harnessing the strengths of leading universities and tech firms and pushing the envelope is the goal of this initiative. This goal will be accomplished by embracing the initiative will be realized by tapping these leading universities and tech firms, including AI technology and its applications.

Addressing regulatory challenges

AI technological advances with time and policymakers face the huge challenge of developing stringent laws to manage growth to safeguard people from dangers posed by such technology. The laws of the Biden administration suggest that the administration would implement new rules to ensure that the AI systems were developed in a responsible and orderly manner. The feds have been assigned a timeline for this current year to produce strategies to evaluate and test the impact of national AI technology on governing by the year’s end.

Government-led efforts are complemented by research and development from the tech industry which is also contributing substantially to the continuing development of AI. The corporation of Microsoft Corp. most recently revealed a 32 billion yen(2.9 billion USD) investment project aimed at strengthening the company’s AI and cloud computing networks in Japan. The company desires to create a new lab specially focused on AI and robotics, thereby ensuring its representative presence in the region by extension.

The growth and innovation in an economic development strategy

PM Kishida calls upon US business leaders to seize this opportunity for investment in emerging technologies in his native country and explains how they will benefit from a fruitful win-win cooperation. Through kindling innovation and synergy in artificial intelligence research, it is the US and Chinese government’s goals to spark economic growth, and technological advancements through which not only industries but countries as a whole will benefit.

The AI research projects that the two countries are jointly engaged in are an illustration of the level of partnership that has been attained among the US and Japan in the artificial intelligence field. A well-acknowledged partnership with tech giants and their zeal for responsible development projects this initiative to come up with innovative solutions to power sectors and promises to address issues created by AI technology.

AI applications are rapidly amplifying across industries and societies; thus, cooperating internationally and placing funds in the R&D of AI technologies are the stepping stones to the best utilization of the technology. Through the relationship between the United States has Japan states have come together, featuring Amazon and Nvidia industries, to show their dedication to outputting excellent AI technology that works for human beings. The rules set and internal initiatives of the industry mark a point of breakthrough and the beginning of fruitful collaboration and advancement in the field of artificial intelligence.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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John Palmer

John Palmer is an enthusiastic crypto writer with an interest in Bitcoin, Blockchain, and technical analysis.With a focus on daily market analysis, his research helps traders and investors alike. He has a particular interest in digital wallets and blockchain technology.He graduated from the University of Nairobi with a bachelors degree in mass communication and media studies.He has previously written for crypto publications such as InsideBitcoins.com and Metacoingraph and is now a full time writer at Cryptopolitan.

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