These bonzos want the world economy to collapse so there will be massive layoffs, allowing them to offer AI bots to companies and governments to replace human workers.
These bonzos want the world economy to collapse so there will be massive layoffs, allowing them to offer AI bots to companies and governments to replace human workers.
Are you talking about the AI / big tech companies? No they won’t.
My fellow traveler in Christ, the feds have already invested 8.9 billion to keep Intel from suffocating to death in its own farts
Intel actually makes stuff that gets used. OpenAI just spends billions upon billions of dollars for a solution in search of a problem to solve. It has to be shoved into everyone’s faces because someone has to start needing it, but no-one really does. The total revenue of all generative AI is the size of - brace yourself - the smartwatch market.
Okay? And your point is
You say Big Tech isn’t going to get bailed out during this AI bubble, they already are!
I’m saying that companies whose sole focus is generative AI will not be bailed out by the US government.
That’s not what you said at all buddy
👍
I imagine they’re referencing the 2008 precedence, although that was banks. But these tech companies are now ‘worth more’ than the banks so they may be considered ‘too big to fail’. Wiki entry for 2008 bailout: Bailout Link
I don’t think big tech that does stuff besides just AI (Google, Meta) will go bankrupt when the AI bubble busts. The AI-only tech companies though (OpenAI, Anthropic, …) - I guess we’ll see. I’m pretty sure many of those will die.
they are probably expecting trump to bail them out.
Of course they fucking will
It doesn’t make any sense for them to do that. Maybe because of corruption. But there’s a complete lack of any good business reason to be bailing out those slop companies.