As a result, it needs to prove to the tech industry heavyweights gathered at the White House that it is serious about AI.
A top White House technology adviser, Michael Kratsios, told representatives of companies including Alphabet's Google, Facebook, Goldman Sachs and Boeing that they'll have the greatest possible latitude to develop AI, according to a copy of his remarks that was provided to Bloomberg.
According to The Washington Post, The Artificial Intelligence for American Industry event will see government officials, academics, and developers come together to discuss how AI can advance infrastructure and industry, including manufacturing, agriculture, healthcare, and transportation, and how government policy can help facilitate this.
"China, the U.K., France, and Canada, among others, all have made major national funding commitments to grow their AI research and development capabilities". Trump has yet to appoint an assistant to the president for science and technology policy, who traditionally oversees the OSTP and NSTC.
In a bid to overtake the United States, the Chinese government has made a 10-fold increase in AI output a national priority for coming years, and many local companies are deploying machine-learning systems to update banking services, identify faces in crowds and control drones.
"There's simply no replacement for the federal government significantly increasing support for fundamental research to bolster university research", Buck wrote. The office, under the Obama administration, had more than twice the total.
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But Trump's plan stopped short of letting Medicare negotiate prices with drug makers directly, something he talked about in his campaign.
AI and machine learning, with their growing capabilities and application, are expected to have far-reaching implications for a range of industries and the US economy, according to experts.
Garfield said that as new technology displaces some job roles, "the government is well-situated to make sure that people are also deployed in the competencies and in the places those jobs will be".
Arvind Krishna, senior vice-president and director of IBM Research who attended the meeting, said in a statement that he emphasised that AI should be able to explain the predictions and determinations it reaches "so people can trust it".
Kratsios acknowledged the issue of job losses, saying, "To a certain degree job displacement is inevitable, but we can't sit idle, hoping eventually the market will sort it out".
Dean Garfield, president and chief executive of the Information Technology Industry Council, called the event "an important step to building collaboration between government and industry". Facebook said it plans to send Jerome Pesenti, the vice president of AI, while Amazon confirmed Rohit Prasad, the vice president and head scientist for its Alexa device unit, will attend the meeting.