I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?
Is this a claimed aim of the effort?
If I were China or Russia I would want the US to invest deeply in the AI boondogle meanwhile I make or mine the things that actually matter in the world. Its like the US vs USSR defense spending war in reverse. if rivals can dupe the US into wasting money on useless "ai" while they build cheap energy or make physical products.
If these companies were in an earlier more precarious part of their research cycle, and if like multiple of his advisors and his VP weren’t industry insiders or paid by such I might be more in favor. But this is basically regulatory capture in steroids.
The economy is centralized in the magnificent ten enough.