As the article explains, the adoption of AI could potentially add $8 trillion to the US economy by 2035, while also lowering expenditures.
This was just the first of three planned hearings with industry professionals in the AI field. The order of business: to inform the federal government in formulating public policy around AI technologies, with a defining stake: making sure the US maintains its leadership in AI. Texas Congressman Will Hurd, which spearheaded the testimony in the hearing, said that "dominance in artificial intelligence is a guaranteed leg up in the realm of geopolitics and economics." AI's impact on general system's inefficiencies, such as transportation, accounting, healthcare, cybersecurity, and defense systems, were pointed towards by the NVIDIA and Intel spokespersons as definite areas of interest and extreme economic growth - and less expenditure - via AI deployment, which could ultimately add eight trillion dollars to the U.S. economy by 2035.You can read the full piece at TechPowerUp.