Ding ding ding!
Comment on Elon Musk Is Rolling xAI Into SpaceX—Creating the World’s Most Valuable Private Company
Dead_or_Alive@lemmy.world 4 days ago
The government will not let SpaceX fail, it’s a strategic asset and Musk knows this. He is going to tie his Xai to it and saddle it with all the debt it is incurring. When the AI bubble pops he will be able to ask for bail outs to keep SpaceX afloat.
bebabalula@feddit.dk 4 days ago
MonkderVierte@lemmy.zip 4 days ago
That the reason behind all the AI datacenters in space hubub? Makes sense. The usual “subsidize the losses” strategy.
swicano@programming.dev 4 days ago
I could have seen the opposite, too, where xAI pays spaceX gobs of money for tons of datacenter launches in advance, bubble pops, xAI goes under and spaceX still has the money. But ya I think this is “the govt won’t let spaceX fail, pile all the riskiest shit into that”
mcv@lemmy.zip 4 days ago
Companies that are too big to fail and need a bail out, should be automatically nationalised.
AnonKingfisher@lemmy.ca 4 days ago
“B-b-but that will stifle innovation!”
mcv@lemmy.zip 4 days ago
It will most certainly stifle innovative ways to leech more profit while the taxpayer is left holding the bag.
Ah, who am I kidding? They’ll find something new. It will just spark more innovation.
Dead_or_Alive@lemmy.world 4 days ago
*Automatically nationalized and leadership at those companies should be investigated and tried for fraud.
These CEOs need to take accountability not a golden parachute. They know when a business is failing and when they are defrauding investors and the public.