David Sachs

It's the you know, you as a technology company, you want to have the most apps in your app store.

You want to have the most developers writing on top of your API.

You want to be a platform company.

And so in all these technology races, biggest ecosystem wins.

And we want to have that.

So that's basically why I think this program is so important is we want to create the biggest ecosystem.

Now, this is not only about benefiting the U.S., because in order to have a successful ecosystem, you have to create value for your partners.

And that's really important.

Like Michael saying, not every country is going to be on the cutting edge of developing its own chips or developing its own frontier models, but they can use these tools effectively.

to derive value, to apply them to their businesses, to their economies, to extract value and be part of this technological revolution.

So I think that we have to think with this partner mindset.

And I do think that this type of mindset is actually very common to Silicon Valley.

Like I mentioned, I think everyone...

every great technology company thinks in terms of how do we get the most people on top of our tech stack?

But it is a form of thinking that's pretty alien to the bureaucracy in Washington, which has much more of a command and control type of mindset.

And when President Trump came into office, just to give a couple examples of this,

The regulations that were sitting on our desk that had just been handed down by our predecessors, again, we had this 100-page Biden executive order on AI that was all this new regulation.

And there was a 200-page, it was called the Biden diffusion rule, which was 200 pages of regulations on the export of semiconductors.

So we were turning...

The AI industry models and chips into a highly regulated industry.