Technology Fund Seeking Proposals for Investments in AI

Government AI Modernization: How the Technology Modernization Fund is Promoting Artificial Intelligence in Federal Agencies

The Technology Modernization Fund (TMF) is currently seeking proposals for investments related to artificial intelligence under the Biden administration’s executive order on implementing AI in federal agencies. The fund aims to provide multiple funding paths to help agencies improve coordination between existing programs, operate across organizational boundaries, and modernize legacy systems to advance delivery of the agency mission.

To receive an expedited review process for investment, agencies must have a project timeline of no more than 1.5 years and seek $6 million or less. Agencies have flexibility in how they approach their project and potential solution, and the use of the TMF has the potential to accelerate AI usage in the government.

The General Accounting Office (GAO) recently found that there are currently 228 AI applications in use in federal agencies, with over 500 more in the planning stages and about 500 in the research or exploratory stage. While AI has great potential to improve government operations, it is important to manage its use responsibly to minimize risk, achieve intended outcomes, and avoid unintended consequences.

Both the House and Senate have shown interest in this issue, with a bill having cleared committee level in the latter requiring agencies to be more transparent when using automated intelligence and systems. The TMF is a government-wide fund designed to provide up-front funding for IT projects rather than stretching out spending over time, with most allocations going toward projects to replace legacy systems.

Leave a Reply

Texas Rangers and Bally Sports Southwest Reach Broadcast Agreement for 2024 Season Previous post New Partnership with Bally Sports Southwest: Texas Rangers Set to Expand Fan Experience for the 2024 Season
Yet Another Cargo Ship in the Red Sea Targeted by Missile Attack Next post UKMTO Advisory: Houthi Rebels Attack Red Sea Cargo Ship – Maritime Authorities Advise High Vigilance and Precautions