AI companies will fail. We can salvage something from the wreckage | Cory Doctorow

Comments

• artifex@piefed.social ⁨1⁩ ⁨week⁩ ago

  I admire Cory’s perennial optimism, but the more billions the governments pump into this scheme, the less likely it’s going to be. “Too big to fail” and whatnot.

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  • vk6flab@lemmy.radio ⁨1⁩ ⁨week⁩ ago

    I suspect that the house of cards will come tumbling down as soon as one of the companies in this massive Ponzi scheme fails to pay their bill.

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    • artifex@piefed.social ⁨1⁩ ⁨week⁩ ago

      That’s what I’m saying tho. If the government is all-in on this, and basically the only reason the stock market is growing is because of AI related things, they will get a backstop or a bailout. At which point we’ll probably be forced to use it even more to justify that action.

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    • oeuf@slrpnk.net ⁨1⁩ ⁨week⁩ ago

      Might that bill be of the big beautiful variety?

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  • sexy_peach@feddit.org ⁨5⁩ ⁨days⁩ ago

    Was there ever a bubble “too big to fail”?

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