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AI Contract Spending Set to Grow in Federal Market | Emerging Tech

AI Contract Spending Set to Grow in Federal Market | Emerging Tech
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AI Contract Spending Set to Grow in Federal Market

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By John K. Higgins
Mar 9, 2021 6:18 AM PT
The United States government is trying to get smarter about getting smart. Throughout the federal government, and especially in defense and national security, artificial intelligence (AI) is getting an increased amount of attention, including the adoption of hefty AI budgets. That should lead to increasing contract opportunities for information technology vendors with high competence in AI.
Federal civilian and defense contract spending for artificial intelligence and machine learning (AI/ML) is likely to grow to $4.3 billion in fiscal year 2023, according to a recent report from Bloomberg Government.
In the defense sector, AI/ML contract spending was estimated at $1.4 billion in 2020, with projections reaching $2 billion in 2021; $2.4 billion in 2022 and $2.8 billion in 2023. ....

United States , Johnk Higgins , Donald Trump , Gibson Dunn Lyon , Mark Lyon , Eddie Bernice Johnson , Chris Cornillie , Booz Allen , Gibson Dunn , Us Congress , Defense Information Systems Agency , News Network , Department Of Defense , National Science Foundation , House Committee On Science , National Defense Authorization , Booz Allen Hamilton , Cyber Point International , Elder Research , White House Office Of Science , Technology Policy , Esper Inc , Warfighting National Mission Initiative , Biden Administration , National Institutes For Science , National Artificial Intelligence Initiative Office ,