The US House Oversight and Reform IT Subcommittee today released the results of a months-long investigation into Federal investment and oversight in artificial intelligence. There’s a lot to unpack here, and most of it is bad. TL;DR: If the Trump administration doesn’t make drastic changes China will pass us in AI R&D spending this year, and will likely lead the globe in AI technologies long before the 2030 deadline its government issued last year.