this post was submitted on 02 Jul 2026
118 points (96.8% liked)

News

38255 readers
1454 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 3 years ago
MODERATORS
top 50 comments
sorted by: hot top controversial new old
[–] RunningInRVA@lemmy.world 84 points 5 days ago (1 children)

Engineering their bailout in advance.

[–] Strider@lemmy.world 5 points 4 days ago

Have some.... For free... You'll like it.

[–] LittleBorat3@lemmy.world 16 points 4 days ago (1 children)

They should let these clowns fall on their faces and not subsidize them.

[–] BeMoreCareful@lemmy.world 5 points 4 days ago

We all knew it was coming, it was just a question of how.

[–] CobblerScholar@lemmy.world 43 points 4 days ago (2 children)

AKA "We don't want to be stuck holding the bag"

[–] prole@lemmy.blahaj.zone 5 points 4 days ago

Yeah, I can't wait until I have to foot the bill for another (completely predictable and avoidable) bail out.

[–] Dultas@lemmy.world 1 points 4 days ago (1 children)

Not really passing the bag when you give it away. If they were selling it to the gov, then sure.

[–] prole@lemmy.blahaj.zone 2 points 4 days ago (1 children)

How does that make a difference?

If the US government owns part of it when the bubble pops, then they'll say they need to be bailed out. Why does it matter how they got it?

[–] Dultas@lemmy.world 1 points 3 days ago* (last edited 3 days ago)

I'm just disagreeing that's not passing the bag. Because the government doesn't lose anything because they haven't paid anything. They're not on the hook for anything owed.

The other points I somewhat agree. On the bailout point I think any bailout that they would need in the future would exceed the value of the 5% and anyone stupid or compromised enough to go for that would have done it without the 5% anyway.

What it could do is sway regulation that would favor OpenAI. Or bolster public opinions since OpenAI can say the government and therefore the people have a vested interest in X Y Z.

The best thing would be to dump the stock ASAP and put it into the deficit or public programs but this administration isn't going to do that.

[–] vala@lemmy.dbzer0.com 15 points 4 days ago

Oh good, so the taxpayers will be on the hook both for the collapse of the financial markets and now the government too when AI shits the bed.

[–] gedaliyah@lemmy.world 37 points 5 days ago

The people: we want more socialized policies and government controls over big tech.

Govt: We are turning the US Government into a tech company

The people: No, not like that.

[–] ChetManly@lemmy.world 29 points 5 days ago (21 children)

5% of a negative number is negative

load more comments (21 replies)
[–] canthangmightstain@lemmy.today 13 points 4 days ago (3 children)

lol Bernie was talking about 50% and their counter is apparently 5%. What’s say we meet in the middle with… oh, 55%? (math by ChatGPT)

[–] ScoffingLizard@lemmy.dbzer0.com 7 points 3 days ago (1 children)

It's a bad investment. Not an investment at all. Wait until they shit the bed, destroy the economy, and seizse the assets.

[–] canthangmightstain@lemmy.today 8 points 3 days ago (1 children)

There is no “investing”, they stole the IP so they owe the People a 50% stake. If the whole company is only worth $100 in a year then the American people will get to split the last $50 amongst ourselves, not be on the hook for bailing out yet another failure.

[–] ScoffingLizard@lemmy.dbzer0.com 2 points 3 days ago* (last edited 3 days ago) (1 children)

My question is if there's a stake to be had in the first place. We can't keep absorbing their failures like we did X and xAI through the SpaceX Nasdaq scam. We need a stake without assuming the risks. The public already had the IP and are under no obligation to accept risks assumed by a bunch of entitled rich guys.

I guess "stake" is only meaningful when it's defined as profits and not losses, since the public never agreed to the risks of potential losses and the billionaires are just stealing IP.

IDK what exactly you’re not understanding but I suspect it’s the difference between a gift and a purchase. The US will not be purchasing this 50% stake in OpenAI with additional money. It will be free. It was technically paid for with all the (not public) IP they used to create these models in the first place.

When you get something in return for nothing, that something is always a positive value even if it’s just a fraction of what it started as.

[–] 73ms@sopuli.xyz 6 points 4 days ago* (last edited 4 days ago)

Bernie talking about that is interesting context but I wouldn't expect the Trump admin to do anything similar to what he wanted with this anyway. 50% would be a terrible thing if it meant these goons get control...

[–] radiofreebc@lemmy.world 10 points 4 days ago

Privatize profits, nationalize debt.

[–] Darkard@lemmy.world 6 points 4 days ago

And then there's these gullible rubes: https://www.humansfirst.com/

[–] Mihies@programming.dev 15 points 5 days ago

By government you really mean the Orange, right.

[–] crispbacon99@lemmy.zip 2 points 3 days ago

Saw it coming. Corporate socialism for a failed industry to be used for government surveillance and weapons.

[–] oh_@lemmy.world 11 points 5 days ago

Bribing in advance. Professional right there.

[–] CapuccinoCoretto@lemmy.world 8 points 5 days ago (1 children)

Where is the NYT economists telling us what a great idea this is?

[–] TammyTobacco@sh.itjust.works 7 points 5 days ago

They're currently taking bids to see whose side they're on.

[–] Formfiller@lemmy.world 1 points 3 days ago* (last edited 3 days ago)

This dude is on the list

[–] minorkeys@sh.itjust.works 1 points 3 days ago

Government buys worthless overhyped shit, bailing out investors....

[–] aarch0x40@piefed.social 4 points 5 days ago (1 children)

Isn't this a move out of China's playbook?

[–] hayvan@piefed.world 21 points 5 days ago (1 children)

No. This is a Murican as it gets. Big company gets greedy, goes bankrupt as its bosses make bank. Big company then gets bailed out with taxpayer money. The bosses make even bigger bank.

[–] thorhop@sopuli.xyz 6 points 5 days ago* (last edited 5 days ago) (1 children)

It's actually kind of funny, because US liberals and conservatives SCREAM at the top of their lungs that 👏 Europe 👏 shouldn't 👏 get 👏 to 👏 subsidize 👏 new 👏 industries 👏 or 👏 technology 👏...

But bailouts? That's not a subsidies for failing companies (see Detroit motor city bankruptcy), that's just giving "wealth creators" a helping hand because they're "too big to fail" (monopoly, duopoly, triopoly, monopsony, oligopoly) so they can "trickle down" those subsidies to the economy...

Wait, what's that? They usually just give themselves bonuses, leverage the shit out of the stocks and squirrel away the money in Cayman Island bank accounts? It's happened many, may times already?!

Such free market. Much competition.

[–] deliriousdreams@fedia.io 3 points 4 days ago (1 children)

I don't know what gives you the impression that the American people want bailouts. Nobody I have talked to about this or any of the other bailouts the American Government has done had been cool with it.

[–] thorhop@sopuli.xyz 2 points 4 days ago

Yes, I am talking about the government, that is the liberals and conservatives - that is the Democrats and the Republicans. They are supposed against subsidies, except when they aren't - that is bailouts is technically a subsidy.

load more comments
view more: next ›