Illustration: Brendan Lynch/Axios
Tech advocacy group Americans for Responsible Innovation will begin pushing Republicans this week to include an AI tax incentive in the reconciliation package.
Why it matters: Companies are being incentivized to develop and deploy technology as fast as possible as little guardrails exist and the pressure is on to lead the world in technological breakthroughs.
- ARI says their tax incentive proposal would help companies prioritize safety over that pressure to move fast.
Companies would get a 25% tax credit for investments in AI security research and responsible development.
- To qualify for the tax credit, companies would have to exceed the previous year's spending on AI security R&D and research findings must be published to help the broader AI community.
- Research should cover bias, threats from adversaries, data privacy and transparency, among other considerations.
- The tax would be administered by the Treasury Department and IRS with the option to consult NIST and the FTC.
The bottom line: Financial incentives will likely be more palatable for lawmakers as there is virtually no appetite among Republicans to impose any new regulations on the AI industry.
