Politico September 16, 2024
Progress always has a price tag, but today’s bleeding-edge technologies are unusually capital-intensive — energy-thirsty AI models; difficult-to-manufacture microchips made with rare earth metals; the mystical-looking computers that harness spooky quantum states.
One of President Joe Biden’s signature bipartisan achievements was the 2022 CHIPS and Science Act, a bill that called for spending billions on spurring chip production and innovation in the U.S., including more than $10 billion to seed new centers developing tech like quantum, biotech and lithium battery development. But as POLITICO’s Christine Mui and Mohar Chatterjee reported in an investigation published today, Congress has come up woefully short in funding a crucial part of the bill.
The Regional Technology and Innovation Hubs (colloquially referred to as “Tech...
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