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Trump redirects $200B R&D to AI, announces $5B cancer fund

7/23/2026

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Story summary
  • U.S. President Donald Trump’s administration will shift $200 billion of R&D funding from universities to individual scientists and AI projects to keep pace with China.
  • OSTP director Michael Kratsios said the plan will prioritize AI, robotics and nuclear energy, de-prioritizing life sciences because scientists spend half their time on paperwork.
  • The administration announced a $5 billion Department of Energy Genesis Mission investment to address chronic disease and pediatric cancer.