It was just two weeks ago that the AI doom campaign bubbled up.

OpenAI had just released its GPT-6 model. 

Three days later, Jensen Huang said AGI had arrived.

Hedge fund legend Paul Tudor Jones then penned an op-ed in the Wall Street Journal sounding the alarm on AI safety. And two leading frontier model CEOs followed it by publicly calling for a slow down on AI model development.

The media and politicians amplified the case.

As we discussed at the time, you can't slow down in this race, because whoever gets to human-level intelligence first sets the standard, attracts the talent, decides what gets embedded in governments, in banks, in power grids, in weapons. It’s the difference between AI that serves humanity and AI that serves the Chinese Communist Party.

The President said as much today.

Let's talk about the meeting he convened in the White House this afternoon. 

Fair to say this was short notice, and yet more than thirty leaders were there, from every major company in the AI stack, representing roughly $26 trillion in public market value, nearly $30 trillion adding in private market valuations (OpenAI and Anthropic).

So, this is a room full of the people controlling companies with a combined value nearly the size of the entire U.S. annual economic output. It's the companies building the technology, buying the infrastructure, financing it, and bringing it to customers — all sitting at the same table.

The result: Self-regulation. The group signed a voluntary safety accord covering internal controls, independent audits and board oversight. Trump called it "morally binding."

No slow down! 

Meanwhile, Xi just left a two day visit to Washington with these formal remarks: "Both China and the United States are leading nations in artificial intelligence.” Competition “should be a race of catching up with one another, not a wrestle in which one either wins or loses."

For the reasons we discussed above, Trump sees it as "whoever wins super intelligence, wins." And he said just that today.

As we've discussed along the way, the more abundant intelligence becomes, the more valuable the scarce inputs become.

The U.S. is keeping its foot on the accelerator. That leaves physics as the only speed limit. That's power, memory and equipment (physical inputs) that determine how fast this goes.

For that reason, you want to own scarcity in a world of abundance.