Part 8/14:
Gates emphasizes that government policies must be predictable and stable to foster sustainable AI growth. Uncertainty around tariffs and industrial policies hampers long-term investments, especially in building and upgrading critical infrastructure. He warns that some corporations might overcommit to current technology, such as investing heavily in specific chip generations or energy infrastructure, only to face obsolescence when newer, more efficient options emerge.
Furthermore, Gates raises concerns about the transparency and fairness of industrial policies. When governments intervene to support certain companies, there's a risk of favoritism, which could distort market competition and long-term innovation.