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[–] 51 points 4 months ago (13 children)

Does this mean we'll all be bag holders when the AI bubble bursts?

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  • [–] 25 points 4 months ago* (5 children)

    We are already holding the bag.

    They are "too big to fail"

    It is the de way

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  • [–] 1 point 4 months ago (4 children)

    They're very much not. They have high valuations, but very few employees. Very different to the banks (where the public would lose money) and the car firms (who employed large numbers of workers)

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  • [–] 2 points 4 months ago (3 children)

    Guess where the publics money is invested?

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  • [–] 1 point 4 months ago (2 children)

    Pensions and other investments, yes.

    Not current accounts which was what was at risk in 2008. When the bank goes bust you don't just lose money. You become unable to do anything financial, like get paid.

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  • [–] 2 points 4 months ago (6 children)

    How? The government doesn't plan to compensate the companies.

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  • [–] 7 points 4 months ago (1 child)

    They already are! The government signed exclusive military contracts with OpenAI to develop autonomous weapons. Half of these AI companies are being propped up with taxpayer dollars in the form of government contracts or subsidies, or the promise that there will be a taxpayer revenue stream coming their way in the near future.

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