The US Senate has cleared an effort by legislators to set up US$110 billion in technology funding for basic research, in a move that borrows a page from Beijing’s playbook amid continuing competition between the two countries.
The Senate Committee on Commerce, Science, and Transportation voted to approve the Endless Frontier Act on Thursday, which would see billions of dollars poured into basic research – the advancement of scientific theories that underpin applied technologies – over five years, in areas that include artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy.