Ocasio-Cortez sagt: „Wir sollten keine Rettung der KI-Industrie in Betracht ziehen, da die Angst vor Blasenbildung wächst.“
https://www.commondreams.org/news/ocasio-cortez-ai-bailout
Ocasio-Cortez sagt: „Wir sollten keine Rettung der KI-Industrie in Betracht ziehen, da die Angst vor Blasenbildung wächst.“
https://www.commondreams.org/news/ocasio-cortez-ai-bailout
49 Kommentare
We are dealing with some of the richest people on the planet. Let them pay for their own clean up. They can afford it. Let them sell their billion dollar yachts for parts.
Not a single tax payer dime should go toward them. These are the people who are looking to replace all of their human workers with AI. Let AI fix their problems.
Let them crash and burn, regular folks have no stake in any of this vaporware.
I’m think she’s 100% correct.
I think a bailout would be unlikely. The Mag 7 represents 35% of the S&P500 valuation. If they slid 50% even, which is massive, it wouldn’t be the kind of event that would threaten domestic and global stability, unlike the failure of the money and banking system would have caused in 2008 for instance. It would be painful to anyone holding AI-heavy tech stocks, and there would be a knock-on decline in the value of other assets just because of the hysteria that would ensue, but not the end of the world.
Oracle stock is down about a third of where it was a month ago.
We could afford to bailout the banking industry because they were almost guaranteed to repay their debt. Banks have been around for thousands of years. I have no faith in the nascent AI industry to repay anything.
Let them cook. Seize their assets for the fraudulent actions they’ve taken and then launch them into the sun as an example.
Boom, corporate oversight.
/s
I absolutely hate AI and applied to one of those companies doing AI training. I was a little desperate bcuz the job market is ass. They offered $21/hr, and it was fine because I had my own schedule. A few weeks ago they decided to pause every time I would be able to work (EST time), and then now they decided to cut the pay to $16/hr in the hopes that people are still desperate enough to work, meanwhile they’re making billions. I fucking hate it and I hope it pops.
Any industry we bailout should be nationalized with profits going to help the working class. I will die on this hill.
we should not only let them fail, but celebrate when it happens
It’s going to be much tougher to justify a bailout of AI companies compared to banks, but of course they’ll try.
Let AI fail, save the workers, let the industry correct
Let it crash. Fuck these monsters.
I understand how bailouts could be necessary sometimes, but with our history of bailouts across different industries, we should never bail out any company. It’s capitalism. Sometimes companies fail. Past bailouts have essentially been a bonus for the small top, and this same companies didnt do much of anything to move forward in a progressive way. If they’re failing, let them fail. Let’s bail out the people who are working 60 hours a week for years because of student debt, medical debt, family support, etc. Anyone involved in AI is dumb rich and if they’re bubble pops, oh well. Make them pay for it, literally.
When the bubble bursts, we’re going to see a collapse of the stock market – like massive collapse in the same way we saw things collapse in 2008. It’s going to be absolutely devastating to people who are leaning on their retirement accounts currently, and anyone who is planning on retiring in the next 10 years.
If anyone is going to need to be bailed out, it’s the American people. Directly.
Agreed. This bubble (last I checked) could be 17x worse than the dot-com crash. That is their problem for investing poorly into a business model that quite litterally mirrors a lot of the exact same issues Dot-com had without a shred of consideration that it’s the exact same problem at higher scale. We gotta stop making bad investments the working classes problem, but these idiot investers love the „privatize gains, socialize losses“ playbook, and it only stops when we stop rewarding it.
American capitalism is all about socializing corporate losses (of companies who bought politicians) and privatizing all corporate profits.
Man… these are the richest folks on the planet so you know how it goes. Socialism for them not for the working people.
There isnt going to be a bailout because there is nothing there to bail out. It would be like trying to bailout Enron. Can’t get blood from a stone.
Ha! Good fucking luck with that! — you know too big to fail Nvidia is going to be the first with their hand out.
This isn’t like the car industry. Once AI data centers are set up, they provide fairly few jobs. Just a couple dozen IT specialists. Let it burst and let the rich eat the losses. They gambled on replacing all American workers with robots. They should pay for that gamble.
She’s absolutely correct. Which unfortunately means this country will bend over backwards to bail out all these tech giants who sold their souls (and the rest of us) for AI. Imagine if they put all this money into things that would help humanity rather than actively deteriorate it.
It’s not about „letting the rich CEO’S/corporations fail“, unfortunately. Everyone’s retirement funds are likely to be heavily staked in AI, so if there is some kind of crash, everyone who is retired or planning on retiring soon could be absolutely screwed.
I’m not even sure a bailout fixes that, but if some of the major players go under entirely, that’s got to be worse for the market.
What this points out though is the broken compensation structure for c suite executives – if there is no consequence for spectacular failure why are they rewarded so disproportionately for success?
Any company or industry in general that any point requires a government bailout should have the compensation of all executives aggressively capped in perpetuity.
Extreme compensation should be a reward for extreme skill or extreme risk…. Requiring a bailout dispels the myth of the extremity of executive skill level, the bailout itself dispels the myth of any kind of actual risk to any high level decision makers.
These companies were giddy with joy over replacing human workers with this. We should NOT give them money.
And I will not buy a game, movie/show, or support any company that doesn’t use the real thing.
*This post was made by a human
You mean to say that government should not get involved with private citizens bankruptcies? That almost sounds conservative. Surely this will get no push back from the GOP /s
Won’t someone please *think of the Data Centers*?
Privatizing the gains while socializing the losses. Fuck the rich.
Lmao a bailout for a worthless industry? No thank you
> The projected global artificial intelligence (AI) market size for 2025 is estimated to be between approximately $244 billion and $758 billion
The players can collectively deal with it. The US citizen owes no bailout to a free market. We already ate that shit sandwich in 2009.
Net worth:
* Musk – 470B
* Bezos – 244B
* Zuck – 206B
* Ellison – 320B
Market Caps:
* Oracle – 638B
* Open Ai – 500B (Valuation)
* MSFT – 3.6T
* Google – 3.6T
* NVIDIA – 4.5T
* Anthroic – 183B (Valuation)
* IBM – 270 B
Remember its only government mooching good for nothings when poor people are involved. When the super rich its for the betterment of society.
The thing to keep in mind is that the bubble bursting was always part of the plan.
Bubbles are like King of the Hill. The goal is to come out on top and be one of the survivors once the dust settles. Some of the biggest companies in the world today were the survivors of the Dotcom bubble.
Even if you don’t survive, leadership of the failing companies get bought out and compensated first for a shit ton of money.
Regardless of if you win or lose, leading up to the bubble popping, you also make a ton of money.
Tldr: As long as you’re at the top, you can’t lose during the bubble. The burst is just part of the plan.
Why the hell would we bailout an industry that essentially contributes nothing and employs very few people. It is only a big part of the economy because of massive speculation, not because of huge payrolls or supply chains
Bail out an industry that no one asked for that doesn’t do anything?
Fml
Same with farmers, especially soybean farmers.
I’d be willing to give a bailout to the employees. The executives and boards should get prison time if a bailout is required. Minimum number of years is how many millions we needed to spend to bail them out. No parole.
Why don’t the AI companies just ask their AI how to fix things?
If the bubble burst before Nov 2028 you can guarantee hundreds of billions if not trillions of dollars will be going right from the US treasury directly into the bank accounts of Larry Ellison, Sam Altman, and Elon Musk.
It’ll happen, 100 million trillion percent.
Good god this industry is not necessary for national security. Life will go on if all of these data centers that they have built lose money due to LLM usage not panning out. And I really wish we would get the marketing types and MBAs out of any decision making as the usage of „AI“ is just not accurate in the slightest. These models do not think, remember, and have awareness that true AI would need.
Tech companies didn’t spend millions of dollars donating to campaigns, not to get billions back in bailout money.
This cannot seriously be something under consideration. Most of these companies are less than 4 years old.
FYI. People say the bailouts is to prevent these companies from laying off thousands potentially tens of thousands of employees.
In 2008, all the banks got bailouts and then laid their workforce off in mass anyways and the C-Suite gave themselves, the executives and board of directors record setting year end bonuses and stock dividends.
It’ll happen again. They’ll beg for money to prevent their companies from folding and to save their countless employees. Government gives it to them and then they layoff all those employees anyways because the bailout is never to save the employees. It’s so the c-suite can gift themselves 8 figures bonuses while the country collapses into a depression.
This is her first campaign video for 2028.
No matter what happens, bailout or no, she’s now the politician who warned us what was coming. If there’s a bailout, she gets to paint every politician who supported it as a tool of the AI industry and the President. If there’s not, she gets to be the leader who showed the rest of the party how to fight.
In any case, I doubt this government could come up with enough money to save the Tech Sector from the disaster its headed toward, and Trump would probably delay everything by trying to make sure only companies to personally swear fealty to him get the money.
Fuck ai.
Fuck our government bailing out businesses.
Let them fail. They’re obviously flawed or they ran themselves into the ground with greed. Taxpayers should not have to absorb the losses.
Capitalist Socialism – Privatise the profits, socialise the losses.
Trumps going to start backstopping these deals and we’ll once again get our lunch ate. Except this time, there’s not going to be cheap houses and stocks on the other side.
Let them eat….their losses. They will still be rich as fuck after the burst.
My company just had skip level meetings with our director where he went on and on about being all in on AI for fy26 and I asked him how the company is positioned to deal with the inevitable AI bubble bursting so we don’t get caught with our pants down and I think he short circuited for a solid 15 minutes.
More and more and more this country is going to be a lot more about what the uber rich want and less about what the average person needs