You know, for the rest of the economy that is not big tech.
And investor pumping money in US AI circular money flow just makes innovation everywhere else slower. If not for the GPU/Memory drought running stuff locally (or just in competition cloud) would be far cheaper
I don't know where to begin if you're leading with that. Anything approaching reality is not good for the current administration.
I can name thousands that came out western universities.
I see a lot of rhetoric that only the Chinese labs are contributing to AI while companies like Google and Microsoft are still pulishing their research.
Unfortunately the domain of scientific papers is cluttered with AI slop but still occasional serious paper that i find are from western labs particularly Google Research or Microsoft Research
There is more to American economy than big tech.
And that's precisely why this has started: https://www.wired.com/story/super-pac-backed-by-openai-and-p...
Most of the stock market valuation is big-tech, and most of people's retirements are the stock market, so... if the AI bubble bursts a lot of the US will be affected.
Which is why most of it is a bubble