U.S. eyeing AI dominance through private sector, federal policies - Raymond James By Investing.com
Update: 2025-10-29
Description
The U.S. has unveiled its first-ever federal plan to globalize American AI technology, aiming to make the U.S. the world's leading AI powerhouse. This initiative involves private companies like Nvidia and Cisco Systems collaborating with government policy. Nvidia, for instance, has invested a billion dollars into a partnership with Nokia and launched a new data center switch with Cisco Systems. These moves are expected to make American AI tech a global force, with Nvidia's CEO setting an ambitious goal of capturing 80% of the global AI market. Despite challenges, the U.S. is committed to staying ahead in the global AI race, with significant investments and partnerships in place.
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