AI, Government and the Future

AI Revolution: Transforming Governance in the Digital Age 

Author

Corner Alliance
May 30, 2024

AI, Government and the Future

Welcome to our weekly dive into the exciting world of Artificial Intelligence (AI) and its impact on the U.S. Government!

AI is progressing at an incredible pace, and we're just scratching the surface. With so much information out there, it can be overwhelming to keep up.

We're here to provide you with insightful analysis and a concise summary, delivered to you on a regular basis. Stay informed, stay up-to-date, and join us on this thrilling journey into the future of AI.

Recap Episode Two: AI Government And The Future: Arshad Hisham

In the second episode of AI, Government, and the Future, Arshad Hisham, Founder and CEO of inGen Dynamics, joined us. We explored the modular approach to robotics; the potential risks and the ethical considerations of AI. And how AI can revolutionize various industries, from elderly care to space travel; as well as the need for responsible development.

Click the links below: 

Spotlight

'First Federal CIO' Gives 3 Reality Checks on Governmental AI - AI in Healthcare

Mark Forman, former IT administrator for the Office of Management and Budget (OMB), criticizes the execution of the recent OMB memo on AI guidance for government agencies. He believes that government AI initiatives should be tied to strategic needs and opportunities, with a focus on achieving a return on investment. He suggests adopting a "know your customer" approach from the private sector to improve efficiency and responsiveness. Additionally, he emphasizes the importance of articulating a vision and motivating people to successfully use AI in government sectors. 

The Number 

$57.11 billion 

The AI CCTV market is projected to reach a valuation of USD 57.11 billion by 2030, growing at a CAGR of 15.1% from 2023 to 2030. This growth is driven by the increasing demand for advanced surveillance systems in sectors such as retail, transportation, and critical infrastructure. The integration of AI technology enables more efficient monitoring and threat identification. Smart city initiatives, IoT adoption, and expanding AI applications also contribute to market growth. Some key players in the market include Bosch Security Systems, Eagle Eye Networks, Axis Communications AB, and Panasonic Corporation. There are certain trends driving market growth including integration with smart city initiatives, advancements in AI and machine learning, cloud-based solutions, rise in security concerns, and cost reduction. Despite economic recessions, the AI CCTV market may show resilience due to prioritization of security, cost efficiency, and potential government funding. However, the Russia-Ukraine war may indirectly affect the market through supply chain disruptions, increased security demand, and economic instability. The North American, European, Asia-Pacific, and Middle Eastern markets are key regions for AI CCTV. Purchasing a comprehensive market report can provide valuable insights for strategic planning and investment decisions.

In-Depth 

House Passes TMF Re-Authorization Bill - Nextgov/FCW

The House of Representatives passed a proposal to extend and amend the Technology Modernization Fund (TMF). The bill would reauthorize the fund through fiscal year 2030, and make changes to reimbursement requirements for agencies using TMF funding. The bill would also require agencies to repay administrative costs and keep the fund operational. It would revise evaluation criteria for project proposals, including the impact of modernizing legacy IT systems and the ability to repay funds.  The bill mandates the federal CIO to report annually on legacy IT systems and includes provisions to suspend or terminate funding for projects with fraudulent or misleading statements. However, the bill currently lacks a Senate counterpart. Meanwhile, the TMF has recently made new investments in various government departments.

AI Companies Make Safety Promise at Seoul Summit - abcnews

Leading AI companies and world leaders have pledged to develop AI safely and establish a network of publicly backed safety institutes to advance research and testing of the technology. Companies such as Google, Meta, and OpenAI have committed to pulling the plug on their cutting-edge systems if they cannot control the most extreme risks. The meeting, a follow-up to the AI Safety Summit in November, aims to address concerns about the potential risks of AI and establish universal guardrails. Governments and global bodies are increasingly working to design regulations for AI to prevent risks such as job loss, disinformation, and bioweapons.