Hacker News new | ask | show | jobs
by xtiansimon 7 days ago
> “As someone who belongs to “all of us”, i vote to not bail us out if shit hits the fan.”

You have alighted onto an interesting topic: “bail out”. I believe a closely related word on the semiotic chain is “retreat”.

I don’t feel that our culture would wish to “retreat” from AI. I know quite a few managers and programmers who absolutely delight in the fruits of the industry.

No doubt the titans of the AI industry, who stand to lose their shirts, would also like a bailout. As would the workers under their leadership. Finally, if the governments of the world are taking “AI” technologies as seriously as I think they are, then I should expect a bailout in the event of bubble go boom is inevitable.

In which case, Buy Low; Sell High.
2 comments
danaris 7 days ago
> No doubt the titans of the AI industry, who stand to lose their shirts

No they don't.

They stand to lose points on their dollar-denominated high scores. If every one of the AI companies went belly-up, their execs would all live very, very comfortably for the rest of their lives even if they never got another job.

link
gtowey 7 days ago
> You have alighted onto an interesting topic: “bail out”. I believe a closely related word on the semiotic chain is “retreat”.

Huh? That's a different meaning of "bail out". In this context its meaning is closer to "rescue" and not retreat.

link
xtiansimon 7 days ago
Literally a "bailout" is a "rescue", yes. Hmmm?

Let's call it a "figurative expression" then. You could say it would be a "retreat" to not bailout AI. A turn away. Run. For example if the investment in data centers using borrowed money is not paid back on-time, and the investments fail, and there is no bailout, resulting in a cascade of business failures, then the I would say we "retreated" from AI. Retreat from the Technology. Retreat from the Economics of AI services. Hoo-Haa!

For example, if crypto failed there might be a "retreat" as far as crypto is not a bedrock of the banking industry. But I'm probably wrong in my characterization of crypto. Whatever. Not like Crypto can be compared to Tulip Mania. Now there's a retreat.

https://en.wikipedia.org/wiki/Tulip_mania

link