The optics for Trump are humiliating

Trump Embraced AI and It Exploded Spectacularly in His Face

The AI industry is set to lose a trillion dollars in one day.
..
..
One of the first things Trump did was to proudly announce a massive
$500 billion AI infrastructure project, dubbed Stargate, involving the
likes of OpenAI, Japanese investment group SoftBank, and the software
giant Oracle. The idea is to have the companies commit $100 billion
combined -- with the goal of raising a total of $500 billion over the
next four years -- to build unfathomably powerful new datacenters to
power their buzzy industry.
..
..
Now that DeepSeek, a startup reportedly born out of a Chinese hedge
fund in 2023, has claimed its AI models can rival OpenAI's best at a
tiny fraction of the cost, Wall Street has seemingly seen enough --
and started unloading the gravy train.

The optics for Trump are humiliating.

"It's big money and high-quality people," Trump said during last
week's Stargate announcement, calling it a "resounding declaration of
confidence in America's potential."
...
...
DeepSeek has turned the hype surrounding the tech upside down,
triggering widespread concerns that the AI industry may be massively
overspending. Awkwardly, the companies behind Stargate have already
broken ground, with the first enormous data center, the size of New
York City's Central Park, already under construction near Abilene,
Texas.

https://futurism.com/trump-embraced-ai-exploded-deepseek