[dofm]

He has recently made the very good point that actually, the FAANG companies are struggling to put any ROI numbers on that incredible ground-level utility.

Uber, for example, is so unclear there is any ROI, they are cutting their exposure pretty radically.

He points out that one single Anthropic customer — a payments provider — accidentally had to pay Anthropic $500M for one month of token spend.

That is half what Apple is reportedly paying Google for the supply side of their entire consumer AI strategy.

[squidsoup]

It doesn't matter under Capitalist Realism, the banks were bailed out, the AI companies will be bailed out, and you will pay for it. There is no alternative.

[HerbManic]

I'm not sure if they would be bailed out. The government tends to help with bank bailouts as they are essentially the hemoglobin of the economy, I see this being more like the dot-com bubble were they will just let it fall and have the bigger more entrenched player pickup the scraps for cents on the dollar.

[dofm]

According to NOTUS, Altman himself seems to have sold Trump on the idea that the USA should own a chunk of OpenAI, and despite their potential IPO, OpenAI have recently followed up on the idea.

Owning a chunk is pretty directly how more than one country injected confidence into their at-risk banks; it’s certainly how it was done in the UK.