A U.S. congressional commission proposed a "Manhattan Project-like" initiative for the funding of artificial intelligence (AI) development in a larger push to stay ahead of China's technological advancements.

The report, issued Tuesday by the bipartisan U.S.-China Economic and Security Review Commission (USCC), recommended Congress yield "broad multiyear contracting authority" to the executive branch for AI, cloud and data center companies for AI development.

Congress was advised to "establish and fund a Manhattan Project-like program dedicated to racing and acquiring an Artificial General Intelligence (AGI) capability," the report's executive summary stated.

© The Hill