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Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
(www.nbcnews.com)
this post was submitted on 30 Oct 2026
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Unfortunately they never lose.
Yeah, pretty sure they will get bailed out.
It will be 2008 all over again and we are still in the 2008 aftermath. Democrats are not brave enough to change things. No one who is going to be allowed near power is talking breaking up the monopolies and regulation. I don't think things will improve until they have got worse still.
As a Brit, I just hope we, and Europe in general, kick America dependency to not get pulled round by their whims and eventual collapse. But most people's digital lives are completely dependent on American monopolies. So much so they don't dare even see it.
They can't really bail them out like they did in 08. Just to compare Ford to OpenAI for sake of my argument. The collapse of Ford risked not only losing a company but also the institutional knowledge within on top of the fact that Ford itself could eventually pay off the loan which isn't even getting into other benefits, for comparison what does the collapse of OpenAI risk beyond some edge case nonsense hell could they even pay off a loan. Trying to bail out the AI industry would be dead on arrival by default, the best you may be able to do is downsize them massively and maybe make them profitable via specialized sub industries but yet again that risks them collapsing regardless.
More to the point is the magnitude. Note that Ford ultimately didn't get a bailout, but between GM and financial sector they did about $500 billion, which adjusted for inflation would be about $800 billion. That's not enough to even cover OpenAI's obligations by itself, let alone the broader AI industry. GM's bailout was $50 billion.
Thanks for correcting and adding to my statement on how severe this whole thing is, I have it in my head but I'm a bit shit at elaboration. Also I knew it was one of the big three but I couldn't remember if it was Ford or GM.