R Sheet on Competition in Artificial Intelligence

Key Points

AI can power innovations across the entire economy by augmenting human decision-making, automating rote tasks and finding new patterns in datasets.
To ensure a competitive ecosystem, Congress should focus on reducing barriers to entry that exist in the supply of labor, the supply of data and access to hardware.
Congress can increase the supply of skilled AI analysts by reforming our immigration system to allow more high-skill AI talent, and by allowing companies to deduct the cost of training AI talent.
Congress can increase the supply of high-quality datasets by opening up more government data for public use, and by clarifying the fair-use exemption for training data.
Congress can help ensure access to specialized AI hardware by avoiding political destabilization of international supply chains, and by maintaining our healthy ecosystem around distributed platforms.

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