This is a suicide shot for the American economy. The numbers only lined up for AI to rescue the USA from its debt if it captured a significant portion of the world's AI spend, and while it was a longshot before, there's basically zero percent chance the world trusts American AI when the government is pulling strings.
It was a zero percent chance anyway. Look at Europe working to leave American software behind in recent years. And it was greatly accelerated by leveraging American AI to build the exit.
You can read it all over HN. It's about weakening American influence and building Eurocentric economies and influence. And exercising the same level of choice that Americans prefer as well. Americans also want to escape Google, Microsoft and Apple and more. They've all been caught investing too heavily in government influence and thought control (aka marketing).
And on the other side of that, an American company that deprives the US of AI for defense, is defacto weakening American defense because competition militaries will gain a technological edge by simply taking control of AI companies in their country which the US hasn't done (yet).
There are very valid arguments on both sides, I think.
> The numbers only lined up for AI to rescue the USA from its debt if it captured a significant portion of the world's AI spend
The numbers lined up if those companies created something resembling AGI, the USA companies captured a large share of the world, and there was lack of competition so those companies could capture a large share of the value.
None of those items were ever going go happen.