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Last Monday, David Sacks, the venture capitalist moonlighting as Trump’s A.I. and crypto czar, wrote on X that reversing America’s massive investments in A.I.—which might have accounted for half of G.D.P. growth in the first six months of the year—would “risk [a] recession.” This was an unsurprising pronouncement from Sacks, whose occasionally somewhat self-serving Silicon Valley boosterism has helped set the tone for the administration’s tech policy. For better or worse, the White House’s economic goals are now deeply entwined with the success of hyperscalers that have committed trillions of dollars to the A.I. arms race.
