Artificial Intelligence Wisdom for Innovative Small Enterprises Act; AI–WISE Act
Summary
The AI-WISE Act aims to support small businesses by providing educational resources on artificial intelligence (AI) tools. It mandates the Small Business Administration (SBA) to establish and maintain online educational resources and modules. These resources will help small businesses understand AI, manage its risks, and determine its applicability to their operations.
Expected Effects
The Act will likely increase the adoption of AI tools by small businesses by providing them with the knowledge and resources to evaluate and use AI effectively. This could lead to increased efficiency, productivity, and innovation within the small business sector. The creation of an advisory working group ensures ongoing relevance and accuracy of the educational materials.
Potential Benefits
- Empowers small businesses to make informed decisions about AI adoption.
- Provides access to practical and actionable information on AI tools.
- Facilitates better risk management related to AI implementation.
- Promotes innovation and competitiveness among small businesses.
- Supports the development of specialized training resources at the local level.
Potential Disadvantages
- The Act does not authorize additional funding, potentially limiting the scope and quality of the educational resources.
- The effectiveness of the program depends on the SBA's ability to create engaging and accessible content.
- Small businesses may still face challenges in implementing AI due to cost or technical expertise.
- The reliance on existing online platforms may limit accessibility for some businesses.
- The Act's success hinges on the active participation and expertise of the advisory working group.
Constitutional Alignment
The AI-WISE Act aligns with the spirit of the Constitution, particularly the General Welfare Clause (Preamble). By supporting small businesses through education and resources, the Act aims to promote economic growth and innovation, contributing to the overall well-being of the nation. The Act does not infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).