2024

Hedge

The National Institute of Standards and Technology (NIST) has announced a big funding opportunity that will help integrate artificial intelligence (AI) into the American manufacturing sector. The agency will provide up to $70 million over five years through the Manufacturing USA program to create an institute focused on AI.
Also read: <a href="https://www.cryptopolitan.com/gila-gila-founder-apologizes-ai-usage/" rel="noopener noreferrer nofollow">Gila-Gila magazine founder apologizes for AI usage, says “it should never have happened”</a>
The new institute aims to strengthen the competitiveness and resilience of U.S. manufacturers by using the power of artificial intelligence. Concept papers should be submitted before September 30, 2024, by interested U.S.-based entities such as academic institutions and different organizations.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 NIST announced a competition for a new <a href="https://twitter.com/MFGUSA?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@MFGUSA</a> institute focused on the use of artificial intelligence to improve the resilience of U.S. manufacturing. Join NIST for a webinar on Thursday, July 25 at 2:00 p.m. EDT. Learn more: <a href="https://t.co/cLM5IK4uPq" rel="noopener noreferrer nofollow" target="_blank">https://t.co/cLM5IK4uPq</a> <a href="https://t.co/tSe9pCoUzf" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/tSe9pCoUzf</a>— National Institute of Standards and Technology (@NIST) <a href="https://twitter.com/NIST/status/1815434584001310847?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 22, 2024</a>
</blockquote>
<h3 class="wp-block-heading" id="nist-pushes-for-ai-integration-in-manufacturing">NIST pushes for AI integration in manufacturing</h3>
The funding provided by NIST aims to integrate AI into manufacturing processes to promote creativity and increase efficiency in the industry. It will concentrate on developing AI applications that can be used to streamline production lines, boost supply chain control, and heighten general manufacturing performance.
Moreover, the institute also prioritizes workforce development. It plans to equip American workers with skills that can enable them to operate or manage systems driven by artificial intelligence for manufacturing. This is achieved through training programs, among other educational projects, which are meant to prepare the workforce for changes brought about by evolving technology.
Building a communal groundwork for cooperative research and development constitutes the key aspect of the initiative. The institute intends to speed up the integration of AI across manufacturing by creating relationships between industry, academia and government.
<h3 id="nist-aims-to-accelerate-ai-growth">NIST aims to accelerate AI growth&nbsp;</h3>
The cost-share requirement highlights how crucial non-federal funding sources are in backing up this initiative. This joint financial model encourages investment from different interested stakeholders, ensuring a strong and long-lasting base for the institute’s activities.
Also read: <a href="https://www.cryptopolitan.com/hedge-fund-managers-selling-major-ai-stocks/" rel="noopener noreferrer nofollow">Hedge fund managers are selling major AI stocks</a>
The application process for this funding opportunity starts by submitting concept papers. These papers will be assessed to see which projects have the most potential and can be done successfully. Applicants whose proposals are successful will then be asked to submit full proposals, which will be considered further.
The initiative is open to all types of U.S.-based entities, such as non-profit making organizations, profit-making companies and academic institutions. As a way of encouraging inclusivity, NIST seeks to engage as many people as possible so that they can give their input which will help in accelerating the rate at which AI grows within this sector.

NIST annnounces funding opportunity for AI-oriented manufacturing in U.S.

Table of Contents

Cryptopolitan_News

Other articles published on Jul 22, 2024

Breaking: Mt Gox Set For Large Bitcoin Repayment Ahead Ethereum ETF Launch

Metaplanet Increases Bitcoin Holdings and Boosts Stock Price

Daily Market Review: BTC, ETH, HNT, AVAX, TIA

Kaspa (KAS) Rallies Under The Radar With Spotlight On Presale Casino Ace Rollblock (RBLK), Celest...

Trump-crypto speculation mounts: What will happen in Bitcoin Conference 2024?

Biden out, bull run in? Here’s what analysts think

Join our free newsletter for daily crypto updates!