41–50 of 288 posts
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Replace you with AI, and when the AI math falls apart, use your tax money to bail out AI And they’ll get away with it too
This the proof that guillotine is useful, if not to be used, to make the elite behave in way that avoid suffering it.
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2008 all over again, but instead of Washington Mutual and Countrywide, we have whatever the heck is going on now.
I don’t know if the public would be as accepting of a bailout for AI companies… trillion dollar businesses that pushed technology with the goal of eliminating 50% of white collar workers… that isn’t really mission critical. If they want the reward, they need to accept the risk when the bet doesn’t go their way. If they aren’t willing to accept that, they shouldn’t be making such big bets.
Public anger is a very pre-smartphone thing. You don’t worry about those sort of things when you’ve hyperoptimized the circus and made the bread cheap enough
Well technically they don’t own the debt, the SPVs that own the data centers do. The giants just have long term commitments, but if shit hits the fan, it’s not the tech giants but the banks that lent the money to the SPVs that are at risk. This usually means all of us are on the hook.
>Well technically they don’t own the debt Channelling the 1980s for off-balance sheet financing 101. From an economic perspective there is zero difference between borrowing to buy an asset and entering into a non-cancellable long term (equivalent to its economic life) lease for the asset. The first option causes an asset and a liability on the balance sheet, affecting debt ratios that appear in financing contracts an…
See Apple's FY2025 10-K, the leases are in page 42 under "Lease-Related Assets and Liabilities", which shows:
Operating leases
- Other current liabilities: $1,579 million
- Other non-current liabilities: $10,911 million
Finance leases
- Other current liabilities: $538 million
- Other non-current liabilities: $692 million
Total lease liabilities: $13,720 million
https://s2.q4cdn.com/470004039/files/doc_financials/2025/ar/...
Earlier quoted context omitted.
2008 all over again, but instead of Washington Mutual and Countrywide, we have whatever the heck is going on now.
I don’t know if the public would be as accepting of a bailout for AI companies… trillion dollar businesses that pushed technology with the goal of eliminating 50% of white collar workers… that isn’t really mission critical. If they want the reward, they need to accept the risk when the bet doesn’t go their way. If they aren’t willing to accept that, they shouldn’t be making such big bets.
Earlier quoted context omitted.
> These debts mean nothing if the US government actually views AI technology as being on par with the Manhattan project. They'll just bail them out or nationalise them. According to Wikipedia, the Manhattan project only cost $28 billion in 2024 dollars. That's a completely different order of magnitude compared to what we're talking about here. I imagine the size of the investment here would even be hard for the US go…
What percentage of the budget was it? I think that's also needed for a meaningful comparison. I've heard about the war taxes being high, but I don't know anything about the economy of the time otherwise.
Nominal GDP from https://en.wikipedia.org/wiki/Economic_statistics_of_the_Uni...
Imagine shorting Alphabet stock now , just before the AI bubble bursts, what an opportunity of a lifetime.
Earlier quoted context omitted.
I don’t know if the public would be as accepting of a bailout for AI companies… trillion dollar businesses that pushed technology with the goal of eliminating 50% of white collar workers… that isn’t really mission critical. If they want the reward, they need to accept the risk when the bet doesn’t go their way. If they aren’t willing to accept that, they shouldn’t be making such big bets.
> I don’t know if the public would be as accepting of a bailout for AI companies That's putting it mildly, IMO. An AI bailout would be a poison pill that would electorally doom whichever party was behind it for decades.
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As someone who belongs to “all of us”, i vote to not bail us out if shit hits the fan. No need to ask me when it happens, OK? No really, it’s nice of you but we really dont need to be bailed out. You are welcome :)
Replace you with AI, and when the AI math falls apart, use your tax money to bail out AI And they’ll get away with it too