this post was submitted on 02 Jun 2026
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The thing is, their values are overstated. It's a bubble economy. AI companies are racing for IPO specifically because they want to leave the public holding the bag when it finally crashes.
I don't want any stake in AI companies.
Government sponsored public investment funds should focus on stable, long-term investments and basic essentials like utilities, telecom, housing, agriculture, etc.
I would include healthcare and education in that list but I believe those things shouldn't be monetized at all and should be entirely non-profit.
But AI though is not a good investment. It only looks like one now because it's a pump and dump. A ponzi scheme, even.
I expected Bernie to be better than this...