9 hrs ago
Bessent Says US Could Control 80% of Global Computing
Scott Bessent said the United States may have most of the world’s computing power by 2028.
He estimated that the US share could rise from about 60% in 2025 to 80%.
Computing power is the ability of computers to process large amounts of information.
Bessent said artificial intelligence is helping businesses in areas such as factories, medicine and shipping.
He credited the Trump administration’s rules, taxes and energy policies for encouraging investment.
More AI use is creating demand for data centers, computer chips and electricity.
Construction workers are also building the facilities needed for AI systems.
Bessent said this growth could create jobs and strengthen American industry.
Treasury Secretary Scott Bessent said the US could hold 80% of global computing power by 2028.
He estimated the US share would rise from about 60% in 2025.
Bessent credited President Donald Trump’s regulatory, tax and energy policies for encouraging investment.
He said AI is expanding into manufacturing, pharmaceuticals and supply-chain management.
The growth is increasing demand for data centers, semiconductors, electricity, construction and transmission networks.
- Who
- Treasury Secretary Scott Bessent discussed the projection with Larry Kudlow.
- What
- Bessent said the United States could command about 80% of global computing power by 2028 as its AI lead expands.
- Where
- The conversation took place in Asheville, North Carolina, with a technology program also being held in Chapel Hill.
- When
- The projection concerns 2028, compared with an estimated 60% US share in 2025; the remarks were made during the reported event.
- Why
- Bessent attributed the expected expansion to regulatory, tax and energy certainty, private investment, and US strength in energy and technology.
Key facts
- Projected US share in 2028
- About 80% of global computing power
- Estimated US share in 2025
- About 60%
- Speaker
- Treasury Secretary Scott Bessent
- AI applications cited
- Manufacturing, pharmaceuticals and supply-chain management
- Infrastructure affected
- Data centers, semiconductors, electricity and high-capacity transmission networks
- Policy factors cited
- Regulatory, tax and energy certainty
- Related event
- A technology track was held in Chapel Hill by the Commerce Department and the White House technology office
Quotes
Scott Bessent
US Treasury Secretary speaking about projected American computing capacity and AI leadership.
“We are going to go up from about, call it, 60% in 2025. By 2028, the US will have 80 per cent of global computing power here, which is just extraordinary.”
freepressjournal.in
“I think that we’re just at the beginning of this, and this is, as you said, this is where the jobs are created.”
freepressjournal.in
Sources
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