Jordan - thanks for the comment. I am not sure about the FOIA requests. As I say in the piece and Secretary Raimondo said at CSIS in early 2024, the leading edge companies alone requested more than $70 billion. Happy to chat about the pod (which I always enjoy listening to!)
“Upside sharing discouraged companies from gaming the system by giving us a conservative financial case to justify more subsidy — outsized profit would just come back to the government.”
Did you have any evidence in the end that upside sharing mechanism actually drove reduced gaming of the system?
This is such a valuable substack. I really appreciate you guys putting this type of content out for anyone. Its awesome. Thank you. Really great work
Todd are the initial requests FOIA-able yet? Would love to know how much the fabs initially wanted
Jordan - thanks for the comment. I am not sure about the FOIA requests. As I say in the piece and Secretary Raimondo said at CSIS in early 2024, the leading edge companies alone requested more than $70 billion. Happy to chat about the pod (which I always enjoy listening to!)
Impossible question, but did this work out?
“Upside sharing discouraged companies from gaming the system by giving us a conservative financial case to justify more subsidy — outsized profit would just come back to the government.”
Did you have any evidence in the end that upside sharing mechanism actually drove reduced gaming of the system?
Todd, I’ve read this and some of the other bits you’ve written or interviewed about the past month. Two questions:
1. What’s you and your team get wrong? Were there any major oversights miscalculations you made?
2. Given what you know now about how ai has shifted demands, what would you have done differently in allocation?
also podcast wen
Thank you for your comment! The discretion was hugely helpful to us