Power and wealth are not always the same. Current AI is helping people gather wealth within the American system. But as we are seeing in Iran, current AI does not provide a decisive edge in hard military power.

If that stays true for the long term, then it seems to me there is a good chance the wealth built with AI will transfer to those nations that still have hard military power, who can fight and win wars.

For example, China will just copy the AI, not have to pay all the R&D costs, undercut all these American AI companies on price, and take most of the global AI market and long term wealth. And there is nothing American AI companies can do to stop them because America cannot fight and win a war against China.