Department of Defense (DOD)
The Department of Defense is the big winner of the President’s Fiscal Year 2024 Request. In the Pentagon’s budget request, he seeks more than $1.8 billion for the Department of Defense to “adopt and deliver AI capabilities.” This is his $600 million increase from his $1.2 billion allocated to AI in fiscal 2023. The Department of Defense plans to use AI funding for a variety of purposes. This includes developing new AI-enabled capabilities for combatants, training and educating his DOD personnel on AI, conducting research on the ethical and legal implications of AI, building partnerships with academia and industry to including promoting research and development of Department of Defense funding supports research conducted at universities, national laboratories, and private companies.
Understanding the impact of AI on cybersecurity is an important part of the Department of Defense’s mission. As outlined in the White House National Cybersecurity Strategy released on March 2, 2023, the Department of Defense is part of a greater responsibility to build resilience across the cyber and space domains and defense. , has been directed to investigate and implement new applications of artificial intelligence. ecosystem. The 2024 DoD budget includes increased investment in AI-related cybersecurity. This includes $67.4 billion in cyber, IT, and electronic warfare capabilities, $145 billion in research and development activities, and $33.3 billion in space capabilities.
Department of Energy (DOE)
DOE’s 2024 budget request includes an across-the-board increase in DOE’s Applied Energy Program. DOE’s Office of Science is specifically tasked with conducting cutting-edge research in artificial intelligence and quantum computing. The Office is asking for a historic $8.8 billion overall, of which $730 million has been allocated for his AI research and other projects at national labs.
Department of Homeland Security (DHS)
DHS is another big budget winner. The president’s budget request for his fiscal year 2024 includes developing and deploying his AI-enabled capabilities across his various DHS missions, including new tools to detect and prevent illegal immigration, terrorism, and cybercrime. Includes funds for DHS has proposed funding to procure new AI systems, including his $24.5 million into a new intelligence data environment for analytics. DHS is also investing in facial recognition technology, drones, and systems that analyze large amounts of data to identify potential terrorist threats.
Health and Human Services (HHS)
HHS is investing heavily in AI, with over $1 billion in AI-related funding proposed in President Biden’s 2024 budget request. The funding will support HHS’ various missions, including diagnosis and treatment of disease, monitoring and response to public health threats, and new AI tools for testing and approval of medical products through AI-powered systems for identification. Used to develop and deploy AI-enabled capabilities across Potential drug interactions.
Department of Transportation (DOT)
The fiscal 2024 budget includes more than $1 billion in funding for AI programs at DOT. The funding will be used to develop and deploy AI-enabled capabilities across various DOT missions, including new tools for detecting and preventing accidents, such as a computer vision system to detect distracted driving. DOT is also investing in new tools to manage traffic flow, such as predictive analytics systems to identify and respond to congestion.
National Science Foundation (NSF)
NSF is the federal agency responsible for funding basic research in all areas of science and engineering. The president’s budget request for fiscal year 2024 includes more than his $750 million to support the development of AI theory and implementation techniques. The National Institute of Standards and Technology’s request proposes increased funding for research in critical emerging technologies, with the goal of securing U.S. leadership in advancing AI.
Funding for AI regulation and enforcement
AI regulation is a complex and evolving issue with local, state, federal, and international dimensions. In the United States, there is no single agency or organization responsible for regulating AI. Instead, various government agencies are involved in developing and enforcing AI regulations.
The Federal Trade Commission (FTC) has a responsibility to protect consumers from unfair, deceptive and fraudulent activity. While the FTC’s AI regulation and enforcement efforts are still in their early stages, the FTC is aggressively stepping up its efforts to investigate and enforce violations of consumer protection laws related to AI.
The president’s fiscal 2024 budget request for the FTC includes $10 million for AI regulation and enforcement and a $5 million increase for AI regulation and enforcement. These resources are intended for use in research in the areas of privacy and data security, including AI-related online fraud and identity theft. The FTC will use AI regulation and enforcement funds to hire additional staff with AI expertise, conduct research on the potential risks and benefits of AI, and comply with the FTC’s consumer protection laws. We plan to develop guidance for businesses on how to comply with and investigate and enforce violations. FTC Consumer Protection Law Provisions.
what’s next? Fiscal 2024 expenditure schedule
The President’s 2024 budget request is just that. Congress is responsible for passing appropriations bills that allocate funds to federal agencies and departments. Congress typically passes appropriations, which are compromises between the president’s requests and the proposals of various congressional committees. This process can be lengthy and contentious, and often isn’t completed until the end of the year.
Companies in the AI space are well positioned to capitalize on new government spending and contracting opportunities. They are also wise to develop a strong regulatory game plan in the face of increased scrutiny from federal regulators armed with new investigative and enforcement tools. It requires the ability to combine issues, executive strategic policies, and executive technical policies to advance priorities across government in a coherent and mutually reinforcing manner.
