There is good reason they are trumpeting AI ... AI....AI.. and pumping up stocks up Nvidia, they some how want to convince the world that this AI is silver bullet that reduce costs and .....their debt as well. Chips is the only sector they have the upper hand and if the lose that edge, its all over in consumer sector.
Oh no. It won't reduce costs. That wasn't my argument. But it will reduce the need of labor for a lot of things.
Plus, proliferation and scaling of production can bring down cost. It's not just nvidia. Amazon, meta, alphabet, and others are investing heavily into Robotics. And given the fact that intelligent robots are still very niche and few countries have some accessibility to it, the market is huge. So huge.
My working theory:
Given the sheer capital US Companies have, they can afford to invest for long term planning. And as the tech advances, it will hardly tolerate any error which humans are prone to. So both high end and low end will likely get covered by automation.
That leaves mid level i.e. MRO, engineers, human in the loop managers, commanders and such.
Then we have both US &China investing in Biotechnology. DNA, Generation manipulation.
At the end of the day it's about resources, and with space and underwater exploration, the reliance on resources at, under land will increasingly reduce. This is not a 25-30 year game. But a 100 year game, which most of the multi billionaire are focusing on.
Which will increase the competition / faceoff / rivalry in space and deep ocean exploration. Coupled with 2020 shock, US and India (to an extent) are securing the supply chains even if it means huge investment. Which brings us to the maritime tensions b/w US & China. Taiwan is just the beginning ( to break the chain) not end goal in this rivalry.
And that brings us to India-US relationship and the tech collaboration which both wanna increase.
Current govt have been focusing on maritime domain ever since coming to power. And it's not just about military ships. But overall ecosystem of maritime travel, exploration etc. From first term the discussions, policies regarding utilising andaman, lakshadweep, daman.. island chains have increased. Wether it's role for military or as a shipping hub. Although, given our late start compared to others, we are still behind and need continuity.
And anyone can see the investment done in shipyards, submarine building etc. We don't realise how much the govt is trying to save and scrap to invest in future domains, given that we can hardly manage resources for normal things. ( Fk you free electricity and farm waivers, just a way to siphon off money.. and gave us ladli bahin )