Biden launches AI competition to tackle cybersecurity challenges — and hackers are being offered $20 million in prize money to compete

– President Biden has launched the AI Cyber Challenge to bolster the security of vital US software.

– The challengebegins in spring 2024, inviting hackers to develop AI-driven solutions for software vulnerabilities.

– Leading AI companies, including Anthropic, Google, Microsoft, and OpenAI, are collaborating on the competition.

– The challenge focuses on identifying and fixing vulnerabilities in software crucial for the internet and critical infrastructure.

– The Defense Advanced Research Projects Agency (DARPA) leads the AI Cyber Challenge.

– Registration opens in fall, with a qualifying event in spring 2024, and semifinals at DEF CON in August 2024.

– The top five teams will share $20 million in prize money, with additional millions for the top three winners in August 2025.

– Participating teams gain access to expertise and technology from AI companies.

– DARPA offers $1 million to small businesses participating in the competition.