Illustration: Sarah Grillo/Axios

The White House this morning announced over $1 billion to establish 12 new federal research centers dedicated to AI and quantum sciences.

Why it matters: The two fields are among the most important in emerging technology, and the new initiative will help the U.S. assert its international leadership in an increasingly competitive field that will impact everything from national security to climate change.

Details: The Department of Energy will move up to $625 million over the next five years to five existing national laboratories to create research centers dedicated to quantum science and computing, with an additional $300 million coming from the private sector and academia.

  • The National Science Foundation (NSF) will lead the establishment of seven AI research centers at universities around the country, focused on areas like precision agriculture and forecasting prediction.

What they're saying: "The future of American prosperity and national security will be shaped by how we invest, research, develop and deploy these cutting-edge technologies today," said U.S. chief technology officer Michael Kratsios.

Of note: The new initiative comes on the heels of the establishment last month of three NSF centers dedicated to quantum information science.

  • While AI is better known — and more active in the world today — quantum computing is just as important, promising huge leaps forward in processing power.
  • "This is the most exciting time in computing since the advent of the first computers," says Dario Gil, director of IBM Research, which is among the companies involved in the new quantum science centers.

Go deeper

CIA launches new high-tech lab

CIA Director Gina Haspel. Photo: Saul Loeb/AFP via Getty Images

In a bid to attract and retain top tech talent, the CIA has announced the formation of CIA Labs, a new venture designed to encourage innovation in "artificial intelligence, data analytics, biotechnology, advanced materials, and high-performance quantum computing,” among other areas, per MIT Technology Review.

How it works: Formed in part because of concerns over a talent drain to the private sector in Silicon Valley, CIA Labs will allow employees to patent their own inventions and keep 15% of the proceeds derived from them, with a maximum salary bump of $150,000 per annum.

Dion Rabouin, author of Markets
53 mins ago - Economy & Business

Americans' trust in the Fed keeps falling

Data: Axios/Ipsos poll; Note: ±3.3% margin of error; Chart: Axios Visuals

Americans' trust in the Federal Reserve fell again in October, with just 34% saying they have a fair amount or a great deal of trust in the central bank in the latest Axios/Ipsos poll.

What's happening: While trust in the Fed rises with age, income level and among those who say they know more about the institution, there was not a single group where even half of respondents said they trusted the Fed.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccinesWisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b---ards" for continuing to cover pandemic.
  5. World: Ireland moving back into lockdown as cases surge — Argentina becomes 5th country to report 5 million infections

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!