US tech innovation is the highest-priority dream of President Donald Trump. Trump, in the majority of his speeches, talks about how he wants the US to lead innovation, be it in the sector of crypto or tech. His efforts to accelerate tech innovation may have now started to bear fruit as recent data foretells how the US is truly leading the global tech race with calculated aggression and finesse.
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America Outpaces Leading Economies in Tech Innovation
According to the latest post by the Kobeissi letter, the US technology domain is expanding rapidly. The tech innovation tactics have now started to bear results, as metrics revealed how the US is championing the tech innovation domain, beating countries like China and Europe in the process. The KL post outlines how 62 companies in the US are reporting net profits worth $1B, a metric that is four times more than China, which has 15 such tech firms.
Moreover, among the world’s 10 largest companies, 8 of them belong to the US, signaling a strong tech foothold of the United States over other leading economies.
“This is over 4 times more than in the world’s 2nd-largest economy, China, which has 15 such tech firms. In the US, there are 21 more global tech firms than in China, Japan, Taiwan, and the Eurozone combined. Among the world’s 10 largest companies are US technology firms. Meanwhile, among the top 10 most innovative companies, 8 are based in the US. US tech dominance is an understatement.”
Talks of Crypto Innovation Heating Up
The US is also planning to pioneer the crypto domain, efforts of which have already started to take shape. In his latest speech, President Donald Trump shared how he wants the US to take the lead in crypto innovation, backing up blockchain-based solutions to support streamlining major financial services.
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