AI compute is a major emerging export industry and the United States is very well positioned to dominate it, unlike mass manufacturing. If it cannot take advantage of its unique strength in AI compute, then it is going to lose the global economic race.
AI compute is the first major expansion of physical capital in the United States since the post-war era. Decades of outsourcing and downsizing are finally reversing and helping spur a constellation of supporting industries, like gas turbine manufacturing, a scaling up of energy production and upgrades in the telecommunication infrastructure, in building out high-capacity data links.