The U.S. export credit agency is scheduled to vote on an initiative on May 21 to strengthen American leadership on artificial intelligence (AI).
The board of directors at the Export-Import Bank of the United States (EXIM) will vote on the ExportAI Initiative on Thursday morning, The Epoch Times has learned, and the measure is expected to pass.
According to a document seen by The Epoch Times, the initiative will bolster U.S. AI leadership by “modernizing EXIM financing tools and supporting the export of trusted U.S. AI technologies across industries of the future.”
Under the initiative, the bank would support U.S. efforts to expand the global reach of trusted American AI technologies by leveraging exports designated through the Department of Commerce. It would also streamline the content certification process for U.S. exporters to reduce delays. At the same time, it would expand financing eligibility to create new opportunities for U.S. companies seeking AI-related exports, including insurance and loan guarantees for medium-term needs, as well as direct loans and loan guarantees for long-term support….