Rep. Ken Buck, R-Colo., spoke with Fox News Digital about his bill to establish a commission to address concerns about AI's rapid development. A GOP lawmaker leading on Congress' response to Big Tech is calling for a commission to streamline the U.S.'s development of artificial intelligence technology, warning that Congress is moving "too slow" on the rapidly advancing sector. Rep. Ken Buck, R-Colo., teamed up with Democratic Reps. Ted Lieu and Anna Eshoo this week to introduce the National AI Commission Act, which calls for a panel of 20 experts across various facets of AI to convene and advise the U.S. government on the risks and opportunities associated with it. "I think that we should look at this bill very closely and move it very quickly," Buck told Fox News Digital.

OAKLAND, Calif, (Reuters) - U.S. chip designer and computing firm Nvidia Corp on Wednesday said it is teaming up with Microsoft Corp to build a "massive" computer to handle intense artificial intelligence computing work in the cloud. The AI computer will operate on Microsoft's Azure cloud, using tens of thousands of graphics processing units (GPUs), Nvidia's most powerful H100 and its A100 chips. Nvidia declined to say how much the deal is worth, but industry sources said each A100 chip is priced at about $10,000 to $12,000, and the H100 is far more expensive than that. "We're at that inflection point where AI is coming to the enterprise and getting those services out there that customers can use to deploy AI for business use cases is becoming real," Ian Buck, Nvidia's general manager for Hyperscale and HPC told Reuters. In addition to selling Microsoft the chips, Nvidia said it will partner with the software and cloud giant to develop AI models.

That's the amount of total venture capital dollars that went to women-founded startups in 2017, according to CrunchBase. Co-ed founder teams received 10 percent, and male-founded startups swept the last 86 percent. That's a massive disconnect, especially since women-led startups outperform their male counterparts. Fortune -- which pegs the funding for female-founded startups even lower, at 2.2 percent -- estimates that they bring in 78 cents of revenue for every dollar raised, compared to 31 cents for the men. Whether that's a return on diversity or a testament to the extraordinary women who manage to break cultural boundaries in the startup world, there's no question that the underfunding of women entrepreneurs means that venture capital is missing out on major talent, innovation, and profit.

The Oversight and Government Reform IT Subcommittee has been on a mission to increase the presence of artificial intelligence in government. After a series of congressional hearings on the matter Rep. Will Hurd, R-Texas, is realizing how far behind we are from robots taking over the world or replacing our colleagues. In these hearings, the committee heard from members of government, industry, academia and nonprofits about the challenges and opportunities AI brings -- including ethics, funding, capabilities, security, consumer expectations and more. In a recent piece written by Hurd in Fortune, he emphasizes that government adopting AI doesn't mean it'll be run by AI; but rather, it'll be "run by people with help from algorithms dramatically improving government services for all Americans," he writes. Hurd also believes AI can make it easier and faster for citizens to interact with government, while increasing government response time and speed.