In other areas, the White House is adding $187 million to the National Institute of Standards and Technology for research initiatives and the development of standards to accelerate the adoption of emerging technologies such as quantum science, advanced biotechnologies, and artificial intelligence.

But the funding increase is too little, too late, said Alan Pelz-Sharpe, founder of market research firm Deep Analysis.

Pelz-Sharpe said it would be good for the U.S. to set standards for AI, particularly around the areas of fair use, transparency, and bias. However, he said the U.S. is behind the curve when it comes to standards-setting and likely won’t set a precedent for the rest of the world to follow. The international community has already moved ahead to define and set standards. Alan Pelz-SharpeFounder, Deep Analysis

“The international community has already moved ahead to define and set standards,” Pelz-Sharpe said.

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Work Intelligence Market Analysis 2024-2029