Privatize the profits, socialize the losses. Such is the capitalist way.

We 100% will be. At least for certain companies. The investment int AI is hype for sure, but a decent chunk is for fascism. Surveillance, information control, mass manipulation, etc...

The Trump regime will absolutely bail out key players to use them for control.

Why not? They've been on the hook to bail out everything else.

I was literally told at work today by executives "If the AI bubble pops, it will be more like the automotive industry financial crisis. "

Wasnt that the one where Ford, GM and Chevrolet were deemed too big to fail?

Too late for that.

They're tied up in 401ks now. People will hear they're set to lose as well and lose their shit.

Oh but it won't be cited as 'bailing out AI'. It will be saving the banks that are 'too big to fail' and pensions

Today it is obvious that most "AI companies" will never be able to pay back all what they owe. And still investors are shoving fresh money into them.

My question is, will these bosses ever treated properly as the fraudsters they are?

That would be a start IMHO to deal with the problem in a sensible way. But currently it is regarded from a different angle, and that makes it look more complicated.

There's already worse conspiracy theories: let the economy crash and blame it on rogue AI to get the government out of debt while the rich move the assets somewhere else. A bailout is just the beginning.

Oh, you sweet summer child...

If it's not taxpayers it will be pensioners and people with insurance, when the institutional investors lose their investments in AI. Either way, the wealthy won't lose.

Good article, worth the read.

They're already laying the straw for it. I was assuming it was gonna happen.