Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
SaharaMaleikuhm@feddit.org 23 hours agoYeah, Trump will prop it up with tax dollars to prolong the inevitable. That’s the American way.
Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
SaharaMaleikuhm@feddit.org 23 hours agoYeah, Trump will prop it up with tax dollars to prolong the inevitable. That’s the American way.
merc@sh.itjust.works 6 hours ago
That’s the only reason I don’t think it will pop in the next 6 months or so. Even Biden or Obama would have stepped in to try to prevent the economy from crashing. But, there’s the Trump factor. First of all, some of his biggest backers are from the AI “industry”. His VP is tied to Peter Thiel, his biggest donors are Crypto and AI bros. The vast majority of his own personal money is tied up in the current Crypto bubble. In addition, he’s obviously so easily bribed. Even if he he wasn’t interested in intervening otherwise, he could easily be bribed to intervene.
Because of Trump, and the fact that the house, senate and judiciary are all Trump lackeys, I think the bubble will survive until at least the 2026 midterms. If the Democrats take back control of the House and Senate they could take control over spending from Trump, which might mean the bubble is allowed to pop. But, I wouldn’t be surprised to see Trump hand over literal trillions in taxpayer dollars to keep the bubble inflated.