The systemic risk is that future bans will be much broader in scope and will impact more than one US-based provider. I really don't like that we're moving into a world where heavily AI-dependent economies can be effectively shut down either by the US government or the Chinese government at the stroke of a pen. This really is a forcing function which makes us question if the risks associated with large "cloud-based" models are worth it, and if we need to find out if we can do more with smaller, local models - and whether such research is now a matter of critical national security.