The Biden administration wants to invest in AI — but

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To compete with China and shore up the American economy, the Biden administration is engaging in the long criticized industrial policy of choosing some industries to promote over others. Research and Development (R&D) tops the list of the chosen ones to the tune of $300 billion, and Artificial Intelligence (AI) is one of the favorite technologies on the R&D list, right next to other “Breakthrough Technologies” such as electric vehicle technology, lightweight materials and 5G.
Government reports and many journalists refer to AI as “a technology.” Actually, AI is not one technology but a whole toolbox of different technologies. To plan to invest more in AI is akin to calling for more investment in, say, renewables; both a good idea and a very incomplete thought. 

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