Bessent's public remarks as Treasury Secretary have suddenly elevated the digital industry to the policy priority level of 'military-like' and 'green energy-like'. This is not just a general policy tilt but a standard launch of 'American New Deal 2.0'.
The U.S. digital industry has long been lacking neither capital nor technology; what it lacks is a policy sledgehammer—specifically, a super player at the level of the Treasury that can 'redistribute' money from traditional industries.
The script copied from 'infrastructure madman' China is finally being performed in the U.S.: national teams for big data, AI national laboratories, computing power subsidies, tax rebates, and there may even be a 'federal crypto asset compliance sandbox'. The Treasury's move here clearly indicates that it aims to make the digital industry the next 'economic engine'.
Of course, reality is much more complex than the script. On one hand, politicians hope AI will create jobs; on the other hand, AI companies only want to sustain billion-level models with a few engineers. This structural contradiction is the gray rhino of U.S. digital policy. If the Treasury wants to be the 'hand of reconciliation', it will have to master not just accounting formulas but also understand the Transformer mechanism.
In summary: the digital industry is a hot cake, but if not handled well, it can turn into poisonous mushrooms. The Treasury jumping in to cook is indeed lively, but please pay attention to the heat; otherwise, if the capital market chews on data while reciting tightening mantras, it won't be a joke anymore.
