As a well-known hedge fund manager, Bill Ackman has historically intervened in policy discussions multiple times, previously holding a similar pragmatic stance on education and technology issues. His call continues the historical path of the U.S. attracting global talent, but recent tightening of policies has highlighted the issue of talent outflow.

From a capital perspective, Ackman and other business leaders are pushing for policy reforms to retain talents trained with federal subsidies, motivated by maximizing the return on U.S. innovation and preventing the transfer of talent capital to competitors like China, concentrating resources through immigration adjustments towards domestic enterprises.

Similar to the experiences of AI PhD Junde Wu and cases of talent returning to Silicon Valley, current U.S. technology talent policy is in a transitional phase characterized by both tightening and calls for reform.

Essentially, this is about capital concentration: reforming immigration policy will prevent the outflow of top talent, with the mechanism being the localization of federal educational investment returns, encouraging global human capital to converge towards the U.S. innovation ecosystem, thereby maintaining its long-term pricing power and competitive advantage in the AI and high-tech fields.

ABAB News · Law of Cognition

Sending talents back home after federally subsidized education is the biggest waste.
Retaining creators, the value created domestically far exceeds short-term political costs.
The tightening or loosening of immigration policy determines the ultimate flow of talent and capital.