J. D. Vance: “Of the $700 billion, give or take, that's estimated to be…”

“Now, the development of cutting edge AI in the US is no accident. By preserving an open regulatory environment, we've encouraged American innovators to experiment and to make unparalleled R and D investments. Of the $700 billion, give or take, that's estimated to be spent on AI in 2028, over half of it will likely be invested in the United States of America. Now, this administration will not be the one to snuff out the startups and the grad students producing some of the most groundbreaking applications of artificial intelligence.” (04:31–04:42)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.