AI Grand Challenges Act of 2026

The AI Grand Challenges Act of 2026 establishes a National Science Foundation program to award cash prizes for solving specific, measurable AI research challenges across 15 priority areas like national security, health, energy, and cancer breakthroughs. It requires the NSF Director to create prize competitions with minimum $1 million awards per winner (including a mandatory $10 million cancer-focused competition), targeting U.S.-based entities or citizens. Key mechanisms include publishing clear problem statements and success metrics on Challenge.gov, consulting public and federal agencies on challenge selection, and reporting annual results to Congress. The bill directly affects U.S. researchers, companies, and organizations developing AI solutions for federally identified challenges.