Cheap money gone, investor money being burnet in bubble, only thing long term is government money, but gov money still not enough to get US defense primes to make stuff at scale and not SaaS the shit out of hardware (see lockmart f35). I doubt SV will be any different. My feeling is any $$$ US spends on soft MIC stuff, PRC going to acquire anyway and have their industrial base utilize more efficiently. If US tech end up build AGIing, and when US gov as it how to beat China expecting 5d chess answer, AGI going to conclude crippled US industrial base simply can't - it and defect.