Today, leaders from the Departments of Commerce, Defense, and Energy; and the National Science Foundation; and the Chief Executive Officer of the National Center for the Advancement of Semiconductor Technology (Natcast) gathered at the White House to announce over $5 billion in expected investment in the CHIPS R&D program, including the National Semiconductor Technology Center (NSTC), and formally...

Today, Secretary of Commerce Gina Raimondo, Under Secretary Laurie Locascio, Director of the AI Safety Institute Elizabeth Kelly, and Institute Chief Technology Officer Elham Tabassi gave remarks at a roundtable with leading AI developers and deployers in conjunction with the launch of the AI Safety Institute Consortium. Secretary Raimondo moderated the discussion, which ranged from the desire to...

Today, Deputy Secretary of Commerce Don Graves met with Bulgarian Minister of Economy and Industry Bogdan Bogdanov and Deputy Minister of Economy and Industry Nikolay Pavlov. The meeting emphasized opportunities to deepen bilateral and commercial ties across energy and civil nuclear technologies, the digital economy, strategic infrastructure, and space commerce. The Deputy Secretary, Minister of...

Consortium housed under NIST U.S. AI Safety Institute includes more than 200 leading AI stakeholders to help advance the development and deployment of safe, trustworthy AI. Today, U.S. Secretary of Commerce Gina Raimondo announced the creation of the U.S. AI Safety Institute Consortium (AISIC), which will unite AI creators and users, academics, government and industry researchers, and civil...

Announces Recipient of the Ron Brown Excellence in Innovation Award Yesterday, U.S. Commerce Deputy Secretary Don Graves joined Deputy Assistant Secretary for Administration, performing the non-exclusive functions and duties of the Chief Financial Officer and Assistant Secretary for Administration Jeremy Pelter, in announcing individual, group, and organizational Gold and Silver Medal Awards to...

The National Institute for Standards and Technology (NIST) at Commerce will house the U.S. AI Safety Institute U.S. Secretary of Commerce Gina Raimondo announced today key members of the executive leadership team to lead the U.S. AI Safety Institute (AISI), which will be established at the National Institute for Standards and Technology (NIST). Raimondo named Elizabeth Kelly to lead the Institute...

The American Rescue Plan (ARP), the Bipartisan Infrastructure Law (BIL), the Inflation and Reduction Act (IRA), and the CHIPS and Science Act provide the U.S. Department of Commerce with unprecedented new resources that can be leveraged to advance the mission of creating the conditions for economic growth and opportunity for all communities. To ensure these programs are delivered as effectively...

Hiring Increases Due to Rise in Consumer Confidence and Spending Kicking off 2024, the U.S. Labor Department’s Bureau of Labor Statistics reported last week that the U.S. economy added over 350,000 jobs in January – far exceeding expectations. The unemployment rate was 3.7 percent for the third month in a row coming in below 4% for two straight years – the longest such streak since the 1960s. In...