Instantly Analyze Bills with AI

Here's a summary of the "Future of Artificial Intelligence Innovation Act of 2024": This bill aims to establish artificial intelligence (AI) standards, metrics, and evaluation tools, support AI research and development, and promote innovation in the AI industry. The key provisions include: 1. Establishment of the Artificial Intelligence Safety Institute: - To be created within 1 year by the Under Secretary of Commerce for Standards and Technology. - Will develop voluntary best practices for assessing AI systems, provide technical assistance for AI adoption in government, and develop guidelines for AI safety and innovation. 2. Program on Artificial Intelligence Testbeds: - To encourage collaboration between National Laboratories, NIST, and public/private sector entities. - Will conduct research, testing, and risk assessments of AI systems. 3. National Institute of Standards and Technology (NIST) and Department of Energy Testbed: - To identify, test, and synthesize new materials using AI and other emerging technologies. 4. National Science Foundation and Department of Energy Collaboration: - To support new scientific discoveries and advancements using AI and emerging technologies. 5. International Coalition on AI Innovation and Standards: - The Secretaries of Commerce and State, along with the Director of the Office of Science and Technology Policy, will form an alliance with like-minded foreign governments. - To cooperate on AI innovation, standards development, and promote adoption of common AI standards. 6. Support for Bilateral and Multilateral AI Research Collaborations: - The Director of the National Science Foundation will support international collaborations to facilitate AI research and development. 7. Public Data for AI Systems: - Development of a list of priorities for Federal investment in creating or improving curated, publicly available data for training and evaluating AI systems. 8. Federal Grand Challenges in AI: - Establishment of priorities for Federal grand challenges in AI to stimulate research, development, and commercialization. The bill emphasizes collaboration between government agencies, private sector, academia, and international partners. It also focuses on ensuring U.S. competitiveness in AI while addressing safety, security, and ethical concerns. To support this summary, I used the get_policy_documents function to retrieve the full text of the bill, which was then analyzed to provide this overview.