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  "documentTitle": "2025 Air Street Capital The State of AI Report 2025",
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      "text": "Nations are seeking “sovereignty” for the same reason they have domestic utilities, manufacturing borders, armies, and currencies: to control their own destiny. Yet, there is a real danger of “sovereignty-washing.”",
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      "text": "Without support for indigenous capabilities, sovereign AI projects can deepen a nation’s dependence on foreign supply chains. While these investments may pay dividends through boosted productivity, greater economic independence cannot be guaranteed. In fact, most sovereign projects lead nations further into the orbit of the US, and soon China as it develops end-to-end turnkey solutions.",
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      "text": "“Sovereignty-washing” can also involve political leaders claiming credit for private investments that were already planned/underway. Although the announcement of Stargate project was made by President Trump, all of the real capital, control, and strategic decisions are driven by private entities.",
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      "text": "Investing for “sovereignty’s” sake could also drive oversupply into the future. Without lasting demand, these projects may lead to idle compute, especially as efficiency gains continue to multiply (e.g. the frantic investments made by local governments/SOEs in China fueled a widespread overcapacity of chips).",
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      "text": "Nations are seeking “sovereignty” for the same reason they have domestic utilities, manufacturing borders, armies, and currencies: to control their own destiny. Yet, there is a real danger of “sovereignty-washing.” Investing in AI projects to score political points may not always advance strategic independence.",
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