What happens to valuations when Washington starts investing like Beijing?

With Reuters reporting that the Trump administration is exploring the idea of taking equity stakes in AI companies, I think we're looking at a potentially huge shift in how investors think about the tech sector. For decades the U.S. model was relativerly simple: private capital funds innnovation, the government regulates around the edges, but if Washington starts becoming a shareholder in strategic AI firms, we're entering something very different. At least a few questions immediately come to mind:. For example: how does venture capital compete against companies with government backing?....does this strengthen America's position against China, or distort competition?...so my doubt is: if government ownership becomes a possibility, do investors assign a premium or a discount to those companies?..... or does this make AI stocks safer, or does it introduce to a completely new political risk? What s interesting is that this starts to blur the line between traditional free-market capitalism and the kind of state-supported industrial policy usually associated with other countries. If this moves beyond the discussion stage, it could become one of the most important developments for tech investors in years. So, I’m holding off on any big tech moves until we see how next week plays out.