"Private-sector AI or AI-adjacent companies now see the government as a dealmaker or a direct investor. The Trump administration took a stake in Intel and officials agreed to give Nvidia permission to sell some chips in China in exchange for a portion of sales - developments that some have likened to a command-economy. The U.S. is "reshuffling the global conditions in which nations are approaching their AI priorities," the report says."
"" I wouldn't want to trade places with any other country in the world when it comes to where we are on AI," Derek Chollet, an author of the report who leads JPMorgan Chase's center for geopolitics, tells Axios. Chollet was counselor to Secretary of State Tony Blinken in the Biden administration an then chief of staff to Secretary of Defense Lloyd Austin"
The 2024 presidential election altered national approaches to AI and prompted a U.S. government reorientation toward the tech sector and international engagement. Private-sector AI and adjacent firms increasingly treat government as a dealmaker or direct investor. The U.S. government acquired an equity stake in Intel and negotiated limited Nvidia chip sales to China tied to revenue-sharing, moves characterized by some as command-economy tactics. The United States is reshaping global conditions for national AI priorities while retaining dominant private-sector AI investment, with early 2025 investment pacing to exceed prior-year totals. Concurrent policies on tariffs, immigration, and science funding risk undermining long-term innovation. Rising U.S.-China trade tensions include threats related to rare earth supplies.
Read at Axios
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