In other unrelated news
UAE, which aims to become an AI powerhouse, 'invested' $2Bn in Trump coin just before the ban on GPU exports to the middle eastern country was lifted.
Biden's controversial AI Diffusion rules, which were set to restrict the sale of American GPUs and AI accelerators beginning this week, are officially dead. The US Commerce Department on Tuesday followed through on its earlier promise to rescind the export controls on the basis that they would have "stifled American innovation …
problem with the idea of Saudi becoming a AI powerhouse is that you need a large technically trained workforce to run and maintain it. Apart from the fact 50% of the population is already excluded, there is little or no interest in such training from the others since they are largely involved in the oil industry which is easy money.
That means they will need to import people to run it, either from the Europe or the US, where the promise of tax free inducements will encourage short term relocation or indentured workers.
Either way it is not a plan for long term migration away from easy oil money, since you will not be growing the technical base from the indigenous population. Lets face it the oil money has been there for years, but while software and technology development has grown in places like India and China, what has happened in Saudi? Absolutely nothing. That is because until the oil money starts drying up, there is zero interest in doing the work
Donnie didn't learn first time around and he won't learn second time around either.
Weaponising technology (just like weaponising the dollar, or even tariffs for that matter) only serves to make your assets toxic.
Instead of buying billions worth of US made semiconductor related products, Huawei and most everyone else in China is making their own. De-americanising.
Trump is now threatening anyone outside of US sovereign soil to follow orders (or I suppose it's an 'or else!') Extraterritorial overreach of the highest order.
But they got wise to those threats. Virtually nobody 'obeyed' the sanctions on Russia.
China looks to be far further ahead with its semiconductor self-sufficiency plans than anyone thought possible.
If rumours are to be believed Huawei alone is on the cusp of developing its own full chip manufacturing stack. From software like EDA tools to chemical processes like photoresist, lithography, packaging, precision optics etc. The whole thing.
AI will just be another example of the US failing abysmally with policy and accelerating Chinese progress while alienating allies and anyone who would rather remain neutral.
Whoever follows Trump in three years, heed this warning. You're gonna need a bigger mop!
Cleaning this mess up will take decades.
Whoever follows Trump in three years, heed this warning. You're gonna need a bigger mop!
Other than the bigger mop it is par for the course, as republicans always leave behind a mess that democrat presidents have to clean up and get blamed for when they don't. Nixon/Ford saw the economy tank from the first oil shock, Carter was left with the mess but the second oil shock doomed him (even if the hostage crisis hadn't put a cherry on top) Bush I left Clinton a recession, but fortunately for him it was a mild one so it didn't hinder him much. Bush II left the financial crisis for Obama to deal with, and it almost cost him his re-election. Trump left Covid and a screwed up economy and supply chain for Biden to deal with, and he got blamed for the resulting inflation (which every country in the world dealt with to varying extents, many much worse than the US saw) and now Trump is going to leave the mother of all orange turds in the White House for the democrat who follows him to deal with.