Small Business Artificial Intelligence Training Act of 2024

This bill requires the Secretary of Commerce to develop artificial intelligence training resources for U.S. small businesses, including those in rural, Tribal, or underserved communities or involved in advanced manufacturing. It also establishes a grant program and reporting requirements.

Sec. 2, Artificial intelligence training resources for small business concerns: The bill defines key terms, including 'artificial intelligence,' 'small business concern,' and 'rural community.' Within one year of enactment, the Secretary of Commerce, through the National Institute of Standards and Technology and the Hollings Manufacturing Extension Partnership, must develop training resources on adopting and using AI and other key emerging technologies like quantum-hybrid computing. The training must cover prompt engineering and AI use for credit, credit and capital, financial management, business planning, cybersecurity, marketing, supply chain management, government contracting, and exporting. The Secretary must review and update these resources at least annually, starting 18 months after enactment. The Secretary coordinates with the Small Business Administration to distribute resources through its partners like small business development centers, women business centers, SCORE, veteran business opportunity centers, and the Apex Accelerator. The Secretary may run a grant program for training providers using these resources. The Secretary must report to Congress within one year on development, distribution, and use, then annually thereafter, including a list of resources and measurable outcomes like number and type of small businesses using them and effects on revenues, sales, and workforces. All authorities and requirements end three years after enactment.