The current administration is claiming AI is absolutely essential to our national security, scientific research, energy, and everything else. This is all being done by political appointees who know next to nothing in general, and even less about the history and current state of “AI”. Being ordered by people who do not care about wasting taxypayer money or running up absurd deficits. Bailout incoming.
The issue is that they became part of everyone’s 401k so the bootlickers and greedy fucks in Congress will tell us they’re 100% essential because if they fail you lose your retirement.
I hate this system… Redistribution of wealth for the rich, rugged individualism for the pleb.
Okay? That still doesn’t mean they should receive a cent of bailout money. They’ve been declining for a while and that’s not the U.S. Taxpayer’s problem.
The current retirement structure is gambling and exploiting labor. I’m sorry but it’s the only way to fix it. The people who bought into it need to suffer, too.
I totally agree with you and I think this time there really isn’t a way to bail out AI companies or every other company that’s too big to fail during the poly crisis. No matter what irresponsible shit the elites get up to fundamentally we’re the ones that get fucked though even if they can’t extract enough blood from us to nationalize the losses.
Wait…too big to fail meant that they’re supposed to be important to the CITIZENS??? Fuck that! All these banks and mortgage lenders and automotive industry leaders have all been bailed out as too big to fail.
I never took that to mean that they provide value. I just took it to mean “fuck you peasants, we’re big business, and therefore fuck you! Money please! Money me now!”
If I’d have known they meant it was for OUR benefit, I’d have called bullshit 20 years ago.
Don’t even talk about bailouts, it’s totally unacceptable this time. These companies ARE NOT essential, and are not too big to fail.
Their debts are by Venture Capitalist investors, and by billionaires from the dot com bom. They have the money to fail.
This time we let them fail.
I WANT TO SEE REPO MEN AND BANK OFFICIALS MARCHING INTO MANSIONS TO RECLAIM THE MONEY.
Let some of these assholes live in trailer parks.
The current administration is claiming AI is absolutely essential to our national security, scientific research, energy, and everything else. This is all being done by political appointees who know next to nothing in general, and even less about the history and current state of “AI”. Being ordered by people who do not care about wasting taxypayer money or running up absurd deficits. Bailout incoming.
The issue is that they became part of everyone’s 401k so the bootlickers and greedy fucks in Congress will tell us they’re 100% essential because if they fail you lose your retirement.
I hate this system… Redistribution of wealth for the rich, rugged individualism for the pleb.
They aren’t even public companies yet. They are not a part of everyone’s 401ks.
MS, AMZN, Oracle, & NVDA were around before this, and will exist even when the bubble pops. Literally zero reason for a bailout.
There is a very good chance that Oracle doesn’t survive if OpenAI tanks.
https://www.wheresyoured.at/how-openai-kills-oracle/
I hope Larry Ellison has to sell off his media companies and still has a heart attack in the end. He funds Israel.
Larry Ellison is an even bigger son of a bitch than your standard Israel funder.
Not just content with supporting a genocide, he wants to control all media and human behavior.
Not even to protect his collaborators, but because there’s money in it.
Larry Ellison belongs in prison.
So you’re telling me AI is going to bring positive change to the world?!
Okay? That still doesn’t mean they should receive a cent of bailout money. They’ve been declining for a while and that’s not the U.S. Taxpayer’s problem.
The current retirement structure is gambling and exploiting labor. I’m sorry but it’s the only way to fix it. The people who bought into it need to suffer, too.
I totally agree with you and I think this time there really isn’t a way to bail out AI companies or every other company that’s too big to fail during the poly crisis. No matter what irresponsible shit the elites get up to fundamentally we’re the ones that get fucked though even if they can’t extract enough blood from us to nationalize the losses.
Wait…too big to fail meant that they’re supposed to be important to the CITIZENS??? Fuck that! All these banks and mortgage lenders and automotive industry leaders have all been bailed out as too big to fail.
I never took that to mean that they provide value. I just took it to mean “fuck you peasants, we’re big business, and therefore fuck you! Money please! Money me now!”
If I’d have known they meant it was for OUR benefit, I’d have called bullshit 20 years ago.
*jail
Ready to reclaim some land
https://www.hgcsa.org/oracle-ceo-larry-ellison-buying-hawaiian-island-of-lanai/