Doesn't this end up being a trap though? If most of the compute for AI is not within our borders, we can get shut out of it? Or be charged extortion rates? Will the "Organization for AI-Exporting Countries" be a thing on the horizon?
In this scenario, the Saudis have limitless wealth and own the valley tech money bros. When you hear them speak, you’re listening to a proxy for MBS. Everything that the supposed new American nationalists say about China and trade imbalance has already happened with the Gulf States.
The lazy way to see when these arguments break down is to listen to Elon babble about Mars when he’s talking about it.
Yes, but did that stop the entire western private industries from collectively moving their manufacturing to China leaving the west exposed to the CCP? When do CEOs ever think long term about second order effects or national security interests? It's all about the shareholder returns and next quarter baby.
And if your competitors are moving to UAE and have cheaper compute than you, that automatically puts you at a disadvantage so you'll have no choice but to move to the UAE yourself or go bust. It's the China playbook all over again.