Inside America’s AI Strategy: Infrastructure, Regulation, and Global Competition

Watch on YouTube ↗  |  January 23, 2026 at 04:41  |  47:55  |  All-In Podcast
Speakers
David Sacks — General Partner, Craft Ventures
Michael Kratsios — Director, Office of Science and Technology Policy, The White House
Maria Bartiromo — Moderator

Summary

In a Davos panel moderated by Maria Bartiromo, White House AI czar David Sacks and OSTP Director Michael Kratsios argue the US is winning the AI race but must keep building. Sacks defends the data center capex boom (no 'dark GPUs', roughly 2 points of GDP growth), lays out the administration's push for hyperscalers to build their own behind-the-meter power, and flags energy production as the one area where China leads. Kratsios describes the AI Action Plan, the push for a single lightweight federal AI rulebook over 1,200 state bills, the Genesis Mission for AI-driven science, and the American AI export program to make US chips and models the global default. Both criticize Europe's precautionary regulation and warn against government-imposed political bias in AI.

  • Sacks: AI infrastructure demand is real - every GPU is in use; the build-out added about 2 points to US GDP growth and should continue in 2026
  • Administration wants data centers to stand up their own power generation; Microsoft pledged its data centers will not raise residential rates
  • Energy production is China's main edge (grid doubled in 10 years vs US +2-3%); US must expand energy output
  • US leads China by about 6 months in models, 2 years in chips and 5 years in semiconductor equipment
  • China reportedly blocking Nvidia chips to stand up Huawei as its national chip champion
  • Push for a lightweight federal AI standard to preempt 1,200+ state bills; needs 60 Senate votes
  • Kratsios: Genesis Mission targets AI-driven science (fusion, materials, therapeutics); AI export program targets turnkey inference-scale data centers abroad
  • Coding assistants (Claude Code / Opus 4.5) called a breakthrough; knowledge-worker productivity boom and personal AI assistants expected in 2026
Ideas
David Sacks General Partner, Craft Ventures 1:23
Data center build-out continues, GPUs fully used
The AI infrastructure build-out will earn its return because the demand is real. Unlike the late-1990s fiber boom that produced unused 'dark fiber', there is no such thing as a 'dark GPU': every GPU installed in a data center is being used to generate tokens for chatbots and coding assistants. Recent coding-model releases are pushing token demand sharply higher, which feeds straight back into more data center capex. The build-out added roughly 2 points to US GDP growth last year (helping propel 4-5% growth) and Sacks expects something similar this year; he does not think the build-out stops anytime soon.
AI Data Center Infrastructure SMH HIGH
David Sacks General Partner, Craft Ventures 8:46
Data centers will build own power generation
Hyperscalers and AI companies never planned to draw power off the grid; they intend to stand up their own generation side by side with new data centers. The administration (Energy Secretary Wright and FERC) is reforming the rules that previously blocked behind-the-meter generation, with the explicit vision that 'AI companies become power companies'. Sacks argues this will not raise residential rates and will actually lower them: data centers can sell excess power back to the grid, and the large fixed costs of generation get amortized over a bigger supply base, so economies of scale pull the per-unit price down. Microsoft has already pledged its data centers will not raise residential rates and he expects other tech companies to follow.
Power infrastructure MED
David Sacks General Partner, Craft Ventures 18:37
Self-driving hit inflection; robotaxis arriving
Self-driving is going to be huge. The quality of autonomy has reached a new inflection point, to the degree that robotaxis are now actually being deployed by Waymo and Tesla; this is how Sacks sees the auto sector benefiting from AI.
TSLA Autonomous driving LOW
David Sacks General Partner, Craft Ventures 30:36
China shuts out Nvidia to build Huawei
Per recent Bloomberg and Reuters reports, China is not allowing Nvidia chips into the country. Sacks's read is that Beijing wants to indigenize chip production and stand up Huawei as its national champion, effectively creating a market subsidy for Huawei by keeping the competition out. Because chip production is a scale-up business, dominating the Chinese market first would give Huawei a platform to proliferate to the rest of the world; the outcome to watch is whether in five years the world runs on American chips and models or on Huawei chips and DeepSeek models.
NVDA MED
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This All-In Podcast video, published January 23, 2026, features David Sacks discussing AI Data Center Infrastructure, SMH, Power infrastructure, TSLA, Autonomous driving, NVDA. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Sacks  · Tickers: AI Data Center Infrastructure, SMH, Power infrastructure, TSLA, Autonomous driving, NVDA