It's interesting to see the federal government taking a strong industrial policy approach to AI through this executive order as well as physical computing via the CHIPS act.<p>Couple concerns:<p>- I loath to believe in silver bullets. The executive branch seems to believe that investing in AI (note: the order, despite the extensive definitions, leaves Artificial Intelligence undefined) is the solution to US global leadership, clean energy, national defense and better jobs. Rarely if ever is one policy a panacea for so many objectives.<p>- I am skeptical of government "picking the winners". Markets do best when competitive forces reward innovation. By enforcing an industrial policy on a nascent industry, the executive may just as well be stifling innovation from unlikely firms.<p>- I am always worried about inducing a _subsidy race_ whereby countries race to subsidize firms to gain a competitive advantage. Other countries do the same, leading to a glut of stimulus with little advantage to any country.<p>- Finally, government bureaucracy moves slowly (some say that's the point). What happens if a breakthrough innovation in AI radically changes our needs for the type, size or other characteristic of these data centers? Worse still, what happens if we hit another AI winter? Are we left with an enormous pork barrel project? It's hard to envision the federal government industrial policy perfectly capturing future market needs, especially in such a fast moving industry as tech.