endless frontier act
Republicans pan 'incomplete' Schumer-sponsored China bill, but likely to reluctantly go along
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. The Senate is likely to pass a sprawling bill aimed at helping the United States compete against China on Tuesday despite criticism from many Republicans that the bill either doesn't do enough, costs too much, or both. The bill, which started as the Endless Frontier Act before being changed to the U.S. Competition and Innovation Act, will invest in domestic chip production and R&D programs, create a new technology directorate at the National Science Foundation, seek to reassure American supply chains, invest in artificial intelligence, semiconductors, biotechnology; and more. It comes amid growing tensions and competition between the United States and China.
The Government Might Borrow a Move From Amazon to Turn More Cities Into Seattle
Three years ago, Amazon's HQ2 competition showed the world just how many local politicians would happily sell their first-born child if it meant bringing tech jobs to their community. Hundreds of cities and regions made bids to land the everything store's new headquarters, offering all manner of subsidies and perks to one of the most powerful corporations on Earth with the hope that, by the grace of Jeff Bezos, they could one day become the next Seattle. Most of them never had a chance. Amazon largely ignored the offers from midsized contenders, instead selecting New York City and the Virginia suburbs outside of Washington, D.C., places with already-flourishing tech scenes where it would be easy to recruit talent. Although Amazon also promised to put a smaller office in Nashville, the outcome was a stark illustration of how, left to its own devices, the tech industry would likely continue concentrating itself in a handful of already-rich cities.
America's technological leadership is at stake in this election
The US presidential election next Tuesday will shape the world for years, if not decades, to come. Not only because Joe Biden and Donald Trump have radically different ideas about immigration, health care, race, the economy, climate change, and the role of the state itself, but because they represent very different visions of the US's future as a technology superpower. As a nonprofit, MIT Technology Review cannot endorse a candidate. Our main message is that whoever wins, it will not be enough for him to fix the US's abject failures in handling the pandemic and to take climate change seriously. He will also have to get the country back on a competitive footing with China, a rapidly rising tech superpower that now has the added advantage of not being crippled by covid-19.
Bipartisan Senate bill aims to invest $100 billion in technology R&D
A group of bipartisan, bicameral politicians have drafted a bill that would "dramatically" increase investment in tech research and development. The Endless Frontiers Act would commit $100 billion over five years toward research in artificial intelligence, high-performance computing, robotics, automation and more. Another $10 billion would go towards creating regional technology hubs across the US. Senate Democractic Leader Chuck Schumer, Senator Todd Young and Congressmen Ro Khanna and Mike Gallagher unveiled the legislation today. They say it's partly in response to the coronavirus, which they claim "magnified weakness from decades of US underinvestment in scientific research," and competition from countries like China.