> I don't think governments can supply this amount of money for AI in the current political and economic climate.

I'm a believer in Keynes' "anything we can do we can afford". It could be afforded .. if there was a sufficiently good reason. And there isn't. This is way behind "governments, especially the EU, should have a sovereign cloud". It is also way behind "governments need to keep global warming below 2C by the end of the century" and "governments need to ensure affordable energy", objectives which the current AI buildout is in direct conflict with.

This is before we get into the question of whether AI has net positive social value in non-software use cases. Even in software the case for AI is explicitly job-destroying and raising electricity prices for everyone else.

There are things you can't do - even as a society - when the costs start ballooning beyond the GDP of smaller European nations. I mean, yes, in an emergency you could cancel all social security and public infrastructure spending and instead dump it into AI. But even then it will take several big nations to foot the bill if you want to still have a country left after you're done. With the level of political heckle everywhere, this is just not going to happen, because it would need unanimous support from all sides.