Jane Edwards
Mitchell Sutika-Sipus, chief solutions architect at AutogenAI, has called for changes to the U.S. tax code to support research and development work on large language models and other artificial intelligence tools.
In a blog post published on AutogenAI’s website, Sutika-Sipus wrote that the Internal Revenue Service Tax Code 174 does not permit small companies to deduct the expense of software development for R&D.
“It only permits annual deductions for granular upgrades with commercial solutions. This means all the new startups who really want to do something new – with the best minds and the best teams – are penalized,” he noted.
Ensuring US Leadership in AI
Sutika-Sipus highlighted the need for the U.S. economy to be backed by a diversity of quality of AI tools to ensure that the country remains a leader in AI technology.
“An economy built on low-quality, non-differentiated technologies is not set for growth. It may grow immensely in the early days, but the decline is surely steep when everyone who bought these AI tools is suddenly less successful than before,” he noted.
“Great companies in the United States are founded not just on ambition or reach but are driven by effective Research & Development,” the AutogenAI executive added.
