• Fri. Mar 1st, 2024

Exploring the Potential of AI in Government with the Technology Modernization Fund: How to Manage Risks and Maximize Impact

ByEditor

Feb 12, 2024
Technology Fund Seeking Proposals for Investments in AI

The Technology Modernization Fund (TMF) is seeking proposals related to artificial intelligence under the Biden administration’s executive order on implementing AI in federal agencies. The fund aims to provide multiple funding paths for agencies to improve coordination between existing programs, operate across organizational boundaries, and modernize legacy systems to advance delivery of their mission. Agencies seeking $6 million or less with a project timeline of no more than 1.5 years will receive an expedited review process for investment to help them achieve positive outcomes and impact quickly.

The Generalized Accounting Office (GAO) has reported that there are currently 228 AI applications in use by federal agencies, with over 500 more in the planning stages and about 500 in the research or exploratory stage. However, they cautioned that government should manage its use of AI responsibly to minimize risk, achieve intended outcomes, and avoid unintended consequences. The Government Accountability Office (GAO) has found that there are currently 228 AI applications in use by federal agencies, with over 500 more in the planning stages and about 500 in the research or exploratory stage. They also noted that government should be careful when using automated intelligence and systems, as this can have unintended consequences if not managed properly.

The House and Senate have also shown interest in this issue, with a bill having cleared the committee level to require agencies to be more transparent when using automated intelligence and systems. The TMF is a government-wide fund designed to provide up-front funding for IT projects rather than stretching out spending over time, with most allocations going toward projects to replace legacy systems. This fund offers flexibility for agencies on how they approach their project and potential solution while accelerating AI usage in government.

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