To disarm the big tech bomb, including “AI”, the public needs to be on high alert — as AI firms start to visibly wobble, we need clear demands and firm commitments from our leaders that if it all comes crashing down, the public won’t be the one left holding the bag.
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.