If the US voids foreign property rights, then the rest of the world will have no problem with voiding US property rights in retaliation.
Including, for example, the cash that a lot of US companies hold in Ireland to avoid US taxes? :)
And ... any claim to ASML shares? ASML is a Dutch company in case your LLM forgot...
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location...
As for ASML, read up on the ownership structure and why ASML for example cannot sell up-to-date tech to China. ASML is actively expanding and operating production and R&D facilities in the United States. So the USA will not be dependent on the Netherlands for photolithography.
The ownership structure only holds if the US respects other ownership structures, eh?
> If the US keeps outpacing Europe in terms of production of real stuff
What real stuff, social networking?
The ownership structure only holds if the US
respects other ownership structures, eh?
What real stuff, social networking?
Coffee and planes that stay in the air.
But to be more serious, the US (and Europe maybe to a slightly lesser extent) wealth is propped up on cheap labour overseas like the Roman empire was on slaves. It is absolutely possible to change that, but it's not as painless as you seem to think.
You mean there are news about ASML trying to build production facilities on US soil?
Smartphones. Computers. Servers, switches. Anything that relies on an advanced chip. Anything that needs cobalt or lithium or coffee or cocoa or any other material not found in sufficient numbers or quality in the US. Ships. Hell, planes while we're at it (Boeing suck ass). Anything that needs to be affordable (like clothing).
Exhibit A, almost 9% of GDP is tourism. Not only is that not productive in any sense of the word, that will crater thanks to Trump and ICE Gestapo wannabes arresting random people for minor administrative errors. Nobody sane wants to visit the US now.
Exhibit B, you assume higher GDP means something good. In the US, a good coffee, with tip and tax, can cost you $10. In France, it's 1.50-2€. GDP numbers would make you believe the US is 5-10 betters, but in reality, there's no difference other than Americans being scammed out of their money with very high prices.
Exhibit C, anything that happens in any of the US health insurance companies. Record profits, high market caps, etc. but you'd struggle to find anything of any value happening there.
Out of the 4 neccessary ingredients (photolithography, wafers, LLMs, energy) the USA already has LLMs and energy. And is pushing hard to bring photolithography and wafer production inhouse too.
No other country currently has a good shot at it.
And of course you're making the assumption that AI will be a revolution on par with the industrial one, which is still to be proven.
Plus, both rely on US GPUs.
So far, it seems like there is no possible future in which the US can be overtaken in AI matters. The USA is already leading and investing the most into the future.
... american components, russian components ... all are made in Taiwan.
> The USA is already leading and investing the most into the future.
Wasting resources on the current investment hysteria. You already forgot about blockchain.
You already forgot about blockchain