Technology

Does this mean we'll all be bag holders when the AI bubble bursts?

You know they will agree and give everyone stakes exactly when bubble is about to pop

This is the only sensible way (but we were taught it's "evil").

It would be a good idea if the entirety of the current industry for it wasn't built entirely on smoke and mirrors type promises.

The general idea (so far as I can parse) is that if these companies are expecting a government bailout when it all goes south, then the tax payers who would be bailing them out should get paid back. But in practice, what will happen is we'll be saddled with the debt and these companies will weasel out of it.

The fact is I don't want to own a stake in any of these companies. I would rather they make it illegal for these companies to ask for a bailout from the government and close loopholes they will use to file for bankruptcy.

If they're going to fail the government should buy their assets (data centers, infrastructure, etc) if the people agree that's okay. Instead of what will likely happen (the companies left standing when it all goes under will buy up all the assets dirt cheap).

Not the right move dawg

AI is just a financial grift to circlejerk money out of the stock market; and then reap a big, fat government bailout when the bubble inevitably pops.

If we share the profits, do we also share the risks? What happens to this plan when AI implodes?

Defense, oil, and media industries should be a higher percentage. They are historically responsible for most corrupt lobbying/disinformation/warmongering and alliance with zionazi rule over the US. The strategic unanimity of "must beat China or maintain zionazi bias over population control" for AI means that it is meant to be a corruption vector for skynet, funneling all of our wealth and liberty onto privatized profit from skynet.

The public should own all of AI, and corporations should be forced to ask the public to lend compute. AI is a powerful tool, and if we give the elite ownership of it, they will someday cut society loose: By killing or enslaving us all, and using robots to autonomously fulfill the wealthy's wish to be truly free of responsibility.

Oh fuck do we have censoring moderhaters here too now? I can stand up for my own opinion, asshole moderhaterfucktard

First of all, fuck no. Remove all of the AI companies. Now. Secondly, this will guarantee they become "too big to fail". Like, it feels as if they're purposefully doing this to make it palatable to bail them out.

I don’t think these companies are worth the value of the paper that their charters are written on. I don’t think many of them are going to last much longer, but he might actually be on to something here in terms of diffusing a massive financial fraud that’s about to happen in broad daylight.

The common wisdom right now is to just “put your money in an index fund, it’s safer and outperforms actively managed portfolios.” Which is to say, a fund that just buys a little bit of everything from a given list, rather than trying to pick stocks that someone thinks will do well, it creates a very diversified portfolio that is protected from anyone company fucking up by having the value spread over as many things as possible. Because many people just put their money in index funds now, getting listed in an index kind of guarantees that lots of people will be buying the shares consistently and thus consistently causing the price to rise over time.

To get in to these lists, normally, a company has to have been public for a while, generally about a year, and show profitability for a prolonged time. These rules have recently been changed though.

A bunch of the AI companies are doing initial public offerings (IPO meaning putting their shares on the public markets for the first time) in the next few months. And stating absolutely insane valuations. Because of the rule changes, they’re basically all getting immediately listed in index funds. And since they’re all targeting insane valuations, they’re going to automatically suck up a bunch of retirement money by default.

I’m not sure about anthropic and openAI on this next part, but SpaceX (which just “bought” Xai), is only going public with about 5% of it’s shares, so theoretically they can just trickle more shares on to the market to get bought up by index funds, and because supply of actual shares is artificially constrained, it will lead to massive overvaluation of those shares, taking up a disproportionate amount of money going in to index funds.

It’s actually fucking criminal that this is being allowed to happen, but because the rules for index funds and IPOs are set by financial institutions and stock exchanges, with very limited oversight by the government, they can just do this.

If the government were to take these 50% shares, it would kind of throw a wrench in the plans, since it would give the government the ability to sell those shares on to the market and stop the over valuation that allows them to take disproportionately from the index funds.

Officially too old and senile.

When I found out what it meant when other countries have sovereign wealth funds...

I have no idea how most people in America keep convincing themselves they've somehow got a good deal.

rare bernie L

just do socialism. stop this wishy washy bullshit. capitalism must die.