The AI bailout will happen: the tech bros made sure of it by tying their stock to the working stiffs' 401Ks through S&P500 index funds. It was a brilliant scam and they pulled it off without any trouble in Trump's fasch-land.
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The money that paid for AI was in spirit taken from us by greed and excess, now they want our money again to cover the losses from taking our money in the first place. This is really maybe the sickest joke, pulled on the most people of all time.
These tech bros sat in the first row of Trump’s inauguration. In front of his cabinet. Held inside. Away from the public. Their full priorities are on display. I’m sure somewhere Cutis Yarvin had an orgasm.
The AI bailout already happened, the US government is pumping infinite money into it through their military arm.
Billionaires already have all the money. How does anyone else bail their asses out?
Will they ask for a bailout? Or will these sociopaths just end society as they’ve been preparing for with their doomsday bunkers and amassing more resources than all of history combined?
They’ve already said out loud they think most of us are a drain on them and that they think a ‘global reset’ is overdue, and have openly talked about a mass culling, after which they’ll emerge as kings of the new world.
I think we should be less concerned about bailouts here and more concerned that they have the means to enact their doomsday fantasies.
No bailouts. Nationalization.
I'm totally out, this has been brewing for years.
Firm commitments from leaders are nice, but completely worthless. They don't keep their word, they'll all make a fortune off of it, too. It's amazing how everyone in congress is an expert stock trader that can't fail, ain't it?
The public will be the one left holding the bag, plan accordingly
banks got bailed out in 2008, they continued doing banks services afterwards. AI companies get bailed out and then what? more slop?
Fight it? If you want to fight it you need to get rid of the pedo in charge and i bet you anything you want that the bailout is already on paper just waiting for the right moment to be signed.
The fight was lost the second agent orange was back in the White House and now drastic measures are necessary.
There’s been significant turmoil in the tech sector over the past month — and at one critical company in particular: CoreWeave.
CoreWeave used to be a Bitcoin mining firm called Atlantic Crypto, but it started to pivot to AI in 2019.
The crash is the plan, isn't it. If they don't get bailed out, then the dollar economy will crash... They can't lose.
Too big to fail is a business strategy that uses the nations to secure their personal wealth and power. It's an economic military for the investment class.
I'm....not sure I follow?
they're implying that the crash is intending to tank fiat currency and somehow make cryptocurrency the defacto standard because crypto weirdos (not the OP commentor, the people they're talking about) live in a fantasy world where cryptocurrency is usable as a global banking system and isn't simply a mostly-unregulated security priced in fiat.
I mean, I suppose something happening that is so disruptive that somehow the dollar is no longer considered the default currency could happen, but I doubt that means people would revert to blockchain and revert in such a way that CoreWeave would benefit.
But I guess I can imagine a lot of galaxy-brained speculators that do think that is a likely outcome....my mistake is applying logic to things and forgetting how vibed-out some people really tend to be.
I've said this before, but I'm not sure you can bail this out. TARP worked because the government could buy the toxic assets and the institutions that owned them previously would go back to being functional businesses. OpenAI and their ilk are money furnaces (I mean really, a literal money furnace would lose substantially less money). Bailing them out (to the tune of hundreds of billions) might buy time, but wouldn't fix the fundamental issue that they're... uhh money furnaces. You'd have to subsidize the businesses continuously, indefinitely into the future.
The datacenters are already military infrastructure with surveillance analysis and cultural control as their core purpose. Dark factories to extract the best of us and twist it to the whims of civilization, our thoughts their fuel and our consent their product. Current ai corpos are but bagholders and pawns meant to decieve and indebt a public not *quite* yet ready to knowingly fund construction of the panopticon already surrounding them
DOJ (Trump submissive) tried to argue that Musk/Xai should not be liable for pollution from their BS unpermitted gas turbines on wheels that have stayed longer than "temporary allowed" duration. They said national security importance of AI means that neither removal nor damages to population affected should be considered. Judged called BS, but that is what DOJ tried to do. DOJ is likely to pay for Musk/Xai defense for appeals to SCOTUS.
There are still enough vultures that can take assets from bankruptcy. In their byline, coreweave is at head of domino chain. Nvidia is at the end. It definitely would be disgraceful to sink "all our money" into protecting stock values behind skynet, but the most obvious means of propping up the bubble is for skynet project to buy all the tokens.
We don't have the money for a bailout this time.

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