U.S. Sens. Jim Banks (R-IN), Elizabeth Warren (D-Mass.), Tom Cotton (R-AK), Chris Coons (D-DE), Dave McCormick (R-PA) and Chuck Schumer (D-NY) introduced legislation to foster AI innovation and commerce in the U.S.
The Guaranteeing Access and Innovation for National Artificial Intelligence (GAIN AI) Act (S.31500) would require companies to give U.S. businesses first dibs in acquiring advanced AI chips before exporting these chips to China and other countries of concern.
“The GAIN AI Act makes sure we use American-made technology to strengthen our own economy and security before sending it to adversaries overseas,” Banks said.
Specifically, the GAIN Act would require a company seeking a license to export advanced AI chips to China and other countries of concern to first certify that American companies have priority in acquiring those chips. Only after fulfilling purchases from U.S.-based customers could a company export their chips to countries of concern. The bill would help ensure that the technologies produced in the United States satisfy the technology needs of American companies.
“American customers — including small businesses and startups — shouldn’t be forced to wait in line behind China’s tech giants when purchasing the latest AI chips. Our bipartisan bill is an important step to ensuring that U.S. startups and universities can purchase the chips they need and promoting continued U.S. technological innovation and leadership,” Warren said.