The only risk is misappropriation of investment, but that has already been smoothed over quickly.
I’d get the complaint if AI was not doing anything useful as it wasn’t in ‘74, but it simply is.
For example, plate recognition, drones and facial recognition. These are brutally efficient technologies. To imagine any government under investing in these is a total misunderstanding of the value that AI brings to military, security, and economic dominance.
It’s a race between nations and the only danger is the computers taking over (not in a general AI way, but in a way that everything is run by algorithms no human can understand)