The AI Grand Challenges Act of 2026 is designed to foster innovation and research in artificial intelligence (AI) by establishing a program that offers competitive prizes for addressing significant challenges across various fields, including national security, healthcare, and environmental management. This initiative aims to stimulate advancements in AI that can tackle pressing issues and improve overall societal well-being. Central to the Act is the creation of the AI Grand Challenges Program, overseen by the Director of the National Science Foundation (NSF).