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In a recent briefing by Beating AI, Federal Reserve Chairman Kevin Walsh specifically discussed artificial intelligence during his speech at Jackson Hole, stating that the current development of AI has become a 'turning point in history', with its progress surpassing even the most optimistic expectations from a few years ago. Walsh noted that corporate capital expenditures are currently growing at the fastest rate since 2021, with an increase of about 9% over the past four quarters, more than half of which is related to AI investments. He emphasized that future focus will be on the 'second-order changes' in AI capital expenditure growth, specifically whether the growth rate continues to accelerate. Walsh mentioned that the annualized Token sales of two leading AI companies have now exceeded $100 billion, representing an increase of over 500% compared to a year ago. He stated that the Federal Reserve has recognized AI as 'a new variable' that could become a new factor of production, and its development will impact economic growth and monetary policy formulation. Walsh also raised questions about whether AI can lead to sustained productivity improvements, the relationship between Token usage and labor (whether they are complementary or competitive), and who will ultimately benefit from the economic surplus created by AI—AI labs, chip manufacturers, energy suppliers, or cloud service providers—indicating that there are currently no clear answers.

In a recent update from Beating AI, Federal Reserve Chairman Kevin Walsh specifically discussed artificial intelligence during his speech at Jackson Hole, stating that the current development of AI has become a 'turning point in history,' with its progress outpacing even the most optimistic expectations from a few years ago. Walsh noted that corporate capital expenditures are currently growing at the fastest rate since 2021, with an increase of about 9% over the past four quarters, more than half of which is related to AI development. He emphasized that future focus will be on the 'second-order changes' in AI capital expenditure growth, specifically whether the growth rate will continue to accelerate. Walsh mentioned that the annualized Token sales of two leading AI companies have now exceeded $100 billion, representing an increase of over 500% from a year ago. He indicated that the Federal Reserve has recognized AI as 'a new variable' that could become a new factor of production, influencing economic growth and monetary policy formulation. Walsh also raised questions about whether AI can lead to sustained productivity improvements, the relationship between Token usage and labor (whether they are complementary or competitive), and who will ultimately capture the economic surplus created by AI—AI laboratories, chip manufacturers, energy suppliers, or cloud service providers—stating that there are currently no clear answers.

On August 29, Trump signed an executive order to initiate the creation of the 'U.S. Space Academy,' stating that the academy will serve the U.S. Space Force, NASA, and the civilian space industry. It will use military institutions such as West Point and the U.S. Naval Academy as references to 'attract, train, and graduate the best talent in America.' Trump noted that the location of the academy will be announced later and hinted that Texas Senator Ted Cruz has lobbied for it to be established in Texas. Trump also emphasized his space strategy, which includes the establishment of the Space Force during his first term and plans for a Mars mission to be executed in 2028, during which a nuclear-powered interstellar spacecraft will be deployed.