• chiliedogg@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      5 days ago

      The democratic House resolution is basically an opinion letter. It’s no different than when they pass a resolution declaring that Christmas is a special time of year.

  • HertzDentalBar@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    8
    ·
    6 days ago

    The difference between AI and The Auto Bailouts is the auto bailouts actually required repayment, and was to protect real jobs and real industrial knowledge.

    This AI bubble won’t be able to bailed out, it’s not real, it’s not jobs, it’s nothing but fake numbers, there’s no chance they can ever repay anything and the knowledge is already mostly public and can be recreated without wasting billions more to forward the tech.

    And if they do bail them out… It means money actually means nothing and Americans should just burn down their government.

  • Gammelfisch@lemmy.world
    link
    fedilink
    arrow-up
    7
    arrow-down
    2
    ·
    7 days ago

    …and the AmeriKans continue to tell the world how much they despise SOCIALISM. Go pee in the wind.

  • MehBlah@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    7 days ago

    Of course they are but what will be saving? A bunch of complex human guided plagiarism machines that they use to hack others while claiming it is doing it on its own?

  • Zephyr@sh.itjust.works
    link
    fedilink
    arrow-up
    5
    arrow-down
    2
    ·
    7 days ago

    I feel like people don’t know that there are massive AI companies and labs outside the US just chugging along.

  • ZILtoid1991@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    5 days ago

    What I fear is that Trump will declare a “state of emergency” to try and save “SI”, and then try to invoke a martial law or similar to get the will of the AI vendors come true.

  • IninewCrow@lemmy.ca
    link
    fedilink
    English
    arrow-up
    54
    ·
    7 days ago

    Capitalize profits

    Socialize losses

    When things are going great, give everything to the rich … when things eventually go badly, let the poor pay for everything. Why would the world want to hurt or take away the rich man’s wealth?

  • SnarkoPolo@lemmy.world
    link
    fedilink
    arrow-up
    38
    ·
    7 days ago

    Once again, the American middle class, or what’s left of it, will be the ruling class’s personal piggy bank.

  • gedaliyah@lemmy.world
    link
    fedilink
    arrow-up
    32
    ·
    7 days ago

    Let’s see, Anthropic is about a trillion, OpenAI is about a trillion, AMD is about a trillion, SpaceX and Meta are two trillion each, Amazon is 3, Microsoft is 4, Google is 4, Nvidia is almost 6… So something on the magnitude of a $20 trillion bailout?

    The USA budget is only a quarter of that. The entire federal budget.

    This is going to be fucked, isn’t it?

    • Bluewing@lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      7 days ago

      Remember, it will be a mere $10 down and Easy Paymentstm of one trillion a year over 20+ years.

      • anton@lemmy.blahaj.zone
        link
        fedilink
        arrow-up
        1
        ·
        6 days ago

        At current 20y US Treasury rates, that wouldn’t even cover the interest, growing the principle by tens of billions.

    • Buddahriffic@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      7 days ago

      AMD is cash positive. They have 2 billion long term debt but hold 13 billion cash (as of June 2026). Where are your numbers coming from? AMD’s market cap isn’t even quite a trillion and market cap is just last sale price multiplied by total shares.

      • gedaliyah@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        6 days ago

        Numbers are from Wikipedia.

        It’s certainly likely that not all of these companies will need a bailout. AMD and NVIDIA sell products that are generally useful and established, but it’s hard to say how much of any of these company’s value is tied into AI hysteria or contracts that will fall through when AI customers go belly-up.

        Yes, the bailout price is also not the same as valuation. I don’t think it’s outrageous to think that the coming recession will wipe out $20 trillion from the market, though.

    • Noite_Etion@lemmy.world
      link
      fedilink
      arrow-up
      11
      ·
      7 days ago

      They’d have to incinerate Social Security, defund every school, let infrastructure rot, and hyper-inflate the dollar into worthlessness just to keep Wall Street’s AI bubble afloat… Which is beyond fucked.

      Welcome back to life as a peasant.

      • TheObviousSolution@lemmy.ca
        link
        fedilink
        arrow-up
        4
        ·
        7 days ago

        Welcome back to life as a peasant.

        Which is sort of what their glimpses of post-AI jobs in the future they could actually substantiate suggest. It’s all a big heist from the wealth of the people into the pockets of the wealthiest using the smoke and mirrors of a “democratic” government, fueled by the possibility of them no longer having to placate human societies in any way if AI and robotics becomes advanced enough.

  • Fluffy_Ruffs@lemmy.world
    link
    fedilink
    English
    arrow-up
    23
    ·
    7 days ago

    Under any other administration I wouldn’t believe such a thing would be a possibility. I can see Trump offering funds in exchange for relabeling products “Super AI”.

  • shalafi@lemmy.world
    link
    fedilink
    English
    arrow-up
    14
    ·
    7 days ago

    I can’t see them getting bailed out. That would be political suicide for either party. AI companies aren’t creating jobs, they manufacture nothing (like autos) and they’re not our financial backbone (like banks).

    • countvon@lemmy.world
      link
      fedilink
      arrow-up
      30
      ·
      7 days ago

      They tech companies themselves likely won’t get a bailout, but don’t rule out the Fed warming up the ol’ money printer. All the borrowing for data centers, where do you think they’re borrowing from. Banks, insurance companies, bond investors and private credit funds. Those first two are the key. If a too-big-to-fail bank or insurance company gets jammed up by their own bad loans to hyperscalers, you best believe they’re going to the Fed, hat in hand, asking for another bowl of that sweet, sweet quantitative easing.

    • jj4211@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      7 days ago

      They already have had trump rumbling that they are key to “national security”. So clearly getting ready to bail them out.

      • shalafi@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        5 days ago

        I did indeed catch that rumble! He was clearly fed that line as part of the setup for a bailout.

    • explodicle@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      3
      ·
      7 days ago

      Would it still be political suicide if it was bipartisan? They’ll make up a million stupid reasons, unleash their army of bots to promote it, and try the same thing Facebook did in 2016.

      • Ensign_Crab@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        7 days ago

        We’ll be told that democrats and republicans both support bailouts, but that we have to support democrats because republicans worse. On a dwindling number of policies democrats never fight for.