Hacker News new | ask | show | jobs
by squidsoup 3 days ago
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.
1 comments

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.
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.