Trump’s Funding Cuts Threaten US AI Competitiveness
The National Science Foundation (NSF) is facing significant layoffs and budget cuts, jeopardizing the future of AI research in the US. Recently, 170 employees, including many AI experts, were let go, which could hinder the talent pipeline critical for the industry.
Key Issues:
- The NSF’s budget for the Directorate for Technology, Innovation and Partnerships was cut by 30 %, impacting funding for AI projects.
- The new Department of Government Efficiency has mandated further cuts that could reduce NSF’s workforce by up to 50 %.
These changes threaten the US’s ability to maintain its leadership in AI, especially as China increases its R&D funding. Experts warn that cutting NSF grants undermines a vital foundation for innovation in AI technology.
Source: Bloomberg
For more details, read the full article here.