The federal government believes that the US will be locked out of the future forever if we are not first, or at least at parity, on AI with adversaries. They believe it is not a normal technology, but a singularly important one which will define national capacity.
The federal government believes that if China achieves AI dominance and we are not competitive on either the industrial or cognitive stacks, the people and planet will be at the whim of China and will not do better anyway (and come on — look at how China's fishing fleets treat the parts of the world they have unrestricted access to).
You can disbelieve it, but that is a perfectly valid thesis.
This is a narrative framing from the tech companies who started and continue the AI race. The current administration is following this framing because the tech billionaires helped them get elected, so they are getting their pay back. It's crony capitalism.
I prefer to think that all compute Open AI has access too was actually given to Altman by Santa because he was once a good boy. "You can disbelieve it, but that is a perfectly valid thesis."
Do you see how putting "it's a perfectly valid thesis" at the end of any completely unsupported claim doesn't actually make it any more credible?