David Sachs

And the reason why I think this could be a disadvantage for the United States is because, again, it's feeding into this regulatory frenzy.

We're seeing, again, 1,200 bills at the state level.

And right now, I think we are winning this AI race.

We're ahead in all the key dimensions, chips, models, and so on.

But we could shoot ourselves in the foot.

If we end up over-regulating this thing to death, we could actually cost ourselves this AI race.

So I do worry about this question of AI optimism.

It seems so.

I mean, China is developing its own models.

Obviously, about a year ago, you had the deep seek moment where you had a powerful model released by deep seek.

And I think that kind of put Chinese AI on the map in a way.

I think people in the West didn't realize in a way how good China was at producing models.

And there was a little bit of complacency towards our relative position.

People weren't really talking about the global competition model.

two years ago.

It wasn't really discussed at all.

I remember when the Biden administration created this 100-page Biden executive order regulating AI.

No one was talking about whether all this regulation would slow us down vis-a-vis China.

It wasn't even part of the conversation.

Then DeepSeek launched, and I think we did realize we're in a global competition and we have to win, and that's why we have to actually be quite careful about how we regulate this and make sure we're not over-regulating it.