Dan Wang: belief

Transcript context

…This critique that the United States is too financialized or too concerned with the bottom line, hasn’t recent experience with AI infrastructure and data centers shown we can rise to the occasion? It’s not obvious all of that will make money, but we’re going to put up trillions of dollars to do it. We’re going to do it pretty rapidly. We’re way ahead of China, certainly ahead of the rest of the world. The Gulf may end up in the running there. The US is acting very quickly. We’re clearing away a lot of obstacles. Trump administration wants to make review much quicker. Probably, they’ll do at least part of that. We’re just way ahead of China in the area, and that’s the most important thing. Why think the Chinese are doing it well? They’re obsessed with technology, but because they don’t have the private sector involved enough, they make the wrong picks. First, I agree that the US has been doing amazingly well in terms of data construction buildout in particular. I think we can debate the premise of whether AI is going to be the sharp tip of the spear to be almost essentially the final technology, in which we don’t need much more technology after this one. No, that’s not what I said. We need plenty more technology. Even then, that would be a different criticism. The criticism would not be, US won’t take enough chances and build out rapidly. The criticism would be, US picks the wrong things. That would make you rethink your criticism of the US. We’re doing it very well, very quickly, it seems to me.…

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