"Too big to fail" will continue to be the mantra of socializing costs while privatizing profits, and the idiots of this country will continue to vote for it.

"Bailout" implies that there's a period of problems to get through after which the industry will stabilize. It worked for airlines, banks, and auto manufacturers because those companies do something people need and the business can straighten itself out.

But AI isn't a necessary industry - it's a nascent one, and the idea that restructuring and more money can stabilize it is absolute nonsense. If a crash hits, not only will the bill come due, but future potential customers will smell the stink of failure and avoid it, further reducing the likelihood that this shit can ever pay for itself.

The previous bailouts were IDEOLOGICALLY appalling and awful, and we lost a little money on the airlines and auto industry, but on banks the government actually made around 20 billion in profit on interest - the bank bailouts were a net positive to taxpayers.

AI will NEVER be able to pay back a bailout. It's a money pit.

Tax payers are on the hook to bail out the AI industry. Got it

I swear I saw almost this exact same headline about 18 years ago…

Argh, but what about CHAINAH!?!?!?

Try not living in a pedocratic oligarchy then.

Too late. It's already been done.

https://youtube.com/shorts/OOLj4nl1FFs