Instantly Analyze Bills with AI

To summarize this bill, I'll break it down into key sections and provide an overview of its main provisions: Title: Future of Artificial Intelligence Innovation Act of 2024 1. Establishment of the Artificial Intelligence Safety Institute: - To be established within 1 year by the Under Secretary of Commerce for Standards and Technology - Will assist private sector and agencies in developing voluntary best practices for AI assessment - Will provide technical assistance for AI adoption across the Federal Government - Will develop guidelines and best practices to promote AI innovation and standards 2. Program on Artificial Intelligence Testbeds: - To be established within 180 days - Will encourage collaboration between National Laboratories, NIST, NSF, and public/private sector entities - Will conduct research, development, tests, evaluations, and risk assessments of AI systems 3. NIST and Department of Energy Testbed for New Materials: - Will establish a testbed to identify, test, and synthesize new materials using AI and other emerging technologies 4. NSF and Department of Energy Collaboration: - Will support new scientific discoveries and advancements using AI and emerging technologies 5. International Coalition on AI Innovation and Standards: - Aims to form an alliance with like-minded foreign governments to cooperate on AI innovation and standards 6. Support for Bilateral and Multilateral AI Research Collaborations: - NSF to support international collaborations in AI research and development 7. Public Data for AI Systems: - Development of a list of priorities for Federal investment in creating or improving public data for AI training and evaluation 8. Federal Grand Challenges in AI: - Establishment of a list of priorities for Federal grand challenges in AI to stimulate research, development, and commercialization The bill aims to promote AI innovation, establish safety standards, encourage international cooperation, and address potential risks and obstacles related to AI development and deployment. It involves multiple federal agencies and emphasizes public-private partnerships in advancing AI technology in the United States. To support this summary, I used the get_policy_documents function to retrieve the full text of the bill, as it was not provided in any external sources. The summary is based on the content of the bill itself.