Trump to meet AI leaders to discuss US investment in their companies (bbc.com)

this would.be a long term disaster for the us economy. you would have an unproductive or deflationay technology subsidized by the federal goverment. if ai raises productivity then it will be deflationary (making nominal gdp shrink). if ai does not raise productivity then you have a misallocation of capital backed by the federal government. instead the us should invest in things that actually would grow the economy, like cheap energy for one and basic r & d for two. An economy based on regurgitation of what has already been written is not competitive with economies that actually make things and make new ideas that are practically useful. name one technology invented by an LLM so far?

If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essentially, an interest-free loan.

I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?