David Sachs

And I think that plays into people's thinking.

And then frankly, I would say that part of the fault lies with

our tech leaders who haven't necessarily done a great job describing the benefits of AI.

In fact, when they're talking about AI eliminating 50% of knowledge workers, that doesn't sound like a very utopian scenario.

That sounds dystopian to most people.

And so I do think that unintentionally, some of our tech leaders have played into this AI pessimism.

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.