In other words, the Trump administration is increasingly gambling the future of the American economy on AI. If they’re right, the US will capture the dual rewards of both coding the tools of the next economic revolution and owning the infrastructure that runs it. If they’re wrong, the US will be left with a bunch of distressed assets and will have dramatically underinvested in the projects that actually mattered. The large tariff exemption for computers is distorting the American economy in ways that could reshape the long-run future of the country.

Interesting take on the role of AI, AI materiality, waste and future economic bubbles. For me, this is an accelerated hype bubble that naturally flows from NFTs and Crypto, and unlike the Web bubble already precludes new entrants - other than Chinese players.