Business-MoneySci-TechU.S. NewsWorld

Senators Propose $100 Billion Investment in Technology and Robotics

  • By John Deloria
  • (General Dispatch) – Joe Biden’s infrastructure package includes $100 billion earmarked for research into booming technologies, focusing its competition with Chinese robotics.
  • The former National Science Foundation to National Science and Technology Foundation will yield its name to the new Endless Frontier Act, celebrated by the Senate Commerce Committee.
  • Bipartisan support built between Democratic and Republican senators back the technological performance that will have competition with Asian country China.
  • “China announced in March that its latest five-year economic plan would increase spending on research and development of similar advanced technologies by more than 7%,” the Journal reports.
  • As a geostrategic challenge, the Senate’s proposal is now seen as one they hope to meet in the future.
  • The United States cannot be left on the sidelines of technological advances in robotics, especially at a cusp of China’s quest for global dominance.
  • The U.S. innovation ecosystem must be nurtured with educational training and investment to achieve its goals.
  • It is hoped that Joe Biden’s long-awaited ambitious infrastructure plan will succeed in the context of technological advances that are important for strengthening the country.

Adittional Information:

Daily Caller: Senators Alarmed At Chinese Dominance Pitch $100 Billion Investment In Tech, Robotics

Young Senate Gov: Young, Schumer Unveil Endless Frontier Act to Bolster U.S. Tech Leadership and Combat China

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button