Congress advances sweeping tax bills touching on R&D, AI, and more
The market for carbon-free, reliable energy is growing along with a rising electricity demand. Josef Hjelmaker, through his company, Electric Outdoors, plans to save millions of dollars in electrification conversion costs and make long-term access to the outdoors safer and more sustainable for all. We sat down with Josef to discuss his company, his experience raising capital in Michigan, and the recent American trade policy shifts.
Artificial intelligence is a foundational technology driving innovation in every corner of the economy.
Lawmakers are advancing proposals that would require startups to disclose detailed information about their AI training data, specifically the sources and copyright status of the content used.
Charlotte Ketelaar is passionate about using her background in investment to help startups raise capital. While mentoring a variety of startups, she found a wide gap between the founders and investors, which led her to co-found Capwave AI. Recently, we had the opportunity to sit down and discuss her product, the role of open source, and more.
Every March, we celebrate International Women’s Day and Women’s History Month as a global celebration of women’s achievements. And in the startup ecosystem, there’s a lot to celebrate—women are trailblazing and innovating at unprecedented rates.
The Big Story: Bipartisan legislation to build AI resource for startups, researchers. A recently introduced bill would create government AI resources for startups and bolster needed talent in the field. The bipartisan bill—the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 (CREATE AI Act)—formally establishes the National Artificial Intelligence Research Resource (NAIRR) which will provide compute, datasets, and educational resources for startups, students, and academics. The legislation comes amid rapid growth of AI technology and will improve the competitiveness of U.S. startups.
The Big Story: Supreme Court strikes down Biden student loan relief plan. The Supreme Court this week struck down President Biden’s student loan relief plan that would have canceled up to $20,000 in student debt for qualified borrowers. The decision, while not unexpected, is a blow to the millions of Americans riddled with student debt, and individuals whose debt acts as a barrier to pursuing entrepreneurship.
The Big Story: Startups call on Congress to fix R&D expensing. Lawmakers in both chambers of Congress took steps this week toward addressing a critical tax issue impacting startups’ bottom lines: a recently enacted change to how startups expense research, development, and experimentation costs. House and Senate lawmakers held two hearings this week exploring how the tax code, including incentives around R&D impact small businesses and startups.
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