If the AI labs become very influential and powerful, Washington might nationalize them, but that would be very different from bailing them out because they have become unprofitable and cannot attract additional investment from the private sector.
If the AI labs become very influential and powerful, Washington might nationalize them, but that would be very different from bailing them out because they have become unprofitable and cannot attract additional investment from the private sector.
With the recent OpenAi deal with the government I am certain they would throw tons of money at OpenAi if it got real bad. But with upcoming IPO where they are expected to be valued at $840b, we would be a LONG way from them needing a bailout. Well past this current admin.
GM on the other hand should have been left to die.
However, I was obliquely referring to the open transactionality and patronage encouraged by the current administration, and how the AI / big tech players have, with few exceptions, gleefully joined in.
Unless they run out of money for bribes, I think it's inevitable that current government will bend over backwards to prop them up.
The reason the banks bailouts did not involve nationalisation is that the US is very reluctant to nationalise anything.