In April 2023, a Stanford study found rapid acceleration in the U.S. federal government spending in 2022. In parallel, the House Appropriations Committee was reported in June 2023 to be focusing on advancing legislation to incorporate artificial intelligence (AI) in an increasing number of programs and third-party reports tracking the progress of this legislation corroborates those findings. In November 2023, both the Department of Defense (DoD) and the Department of State (DoS) released AI strategies, illustrating that policy is starting to catch up to, and potentially shape, expenditures. Recognizing this criticality of this domain on government, The Brookings Institution's Artificial Intelligence and Emerging Technology Initiative (AIET) has been established to advance good governance of transformative new technologies to promote effective solutions to the most pressing challenges posed by AI and emerging technologies.