The Technology Modernization Fund (TMF) is seeking proposals for AI-related investments under the Biden administration’s executive order on the use of artificial intelligence in federal agencies. The fund aims to provide multiple funding streams to help agencies improve coordination among existing programs, operate across organizational boundaries, and modernize legacy systems to advance the agency’s mission. Agencies seeking $6 million or less with a project timeline of no more than 1.5 years will receive an expedited investment review process to help them quickly achieve positive results and impact.
The Generalized Accounting Office (GAO) found that 228 AI applications are currently in use at federal agencies, with more than 500 in the planning stages and about 500 in the research or research stage. However, they cautioned that the government should responsibly manage the use of artificial intelligence to minimize risk, achieve intended results and avoid unintended consequences.
The House and Senate have also shown interest in the issue, with a bill approved at the committee level to require agencies to be more transparent when using automated intelligence data and systems. The TMF is a government fund designed to provide upfront funding for IT projects rather than rolling out spending over time, with the majority of allocations going to projects that replace legacy systems. GSA announced that all proposals must include a clear plan for user testing, risk mitigation, evaluation metrics and senior management support. Agencies have flexibility in how they approach their project and potential solution, and using TMF has the potential to accelerate the use of artificial intelligence in government.