Part 6/9:
The dialogue transitions to the role of governmental policy in shaping the trajectory of AI. Schmidt highlights historical instances where government investment has driven substantial innovation, referring to DARPA's foundational work related to the internet. Today, as the demand for energy grows—especially to fuel AI's energy-hungry computing capabilities—the challenge for the U.S. government lies in balancing regulation and support for innovation.
In view of potential energy shortages and the pressing need for regulatory frameworks, Schmidt argues for a more targeted industrial policy concerning chip production and high-skilled immigration to ensure the U.S. keeps pace with AI development globally.