news
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American politics: Discussion and effort posts on the (potential) material impacts of American electoral politics is welcome, but the never-ending circus of American Politics© Brought to You by Mountain Dew™ is not welcome. This refers to polling, pundit reactions, electoral horse races, rumors of who might run, etc.
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Electoralism: Please try to avoid struggle sessions about the value of voting/taking part in the electoral system in the West. c/electoralism is right over there.
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AI Slop: Don't post AI generated content. Posts about AI race/chip wars/data centers are fine.
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I'm very much expecting a bailout for big tech because so much of the economy is tied up in it now. Furthermore, a bailout would necessitate QE which will make the rates go down in the short term, and that'll create a bananza for the market.
I think it was either Chapo or True Anon, but they had a guest on to talk about OpenAI and the possibility of a bailout and he made the point that there’s nothing really to bail out in the 2008 sense.
There’s property, sure, but most of the land that data centers are built on aren’t owned by OpenAI so that’s not an option.
The chips are basically only useful for AI so he doesn’t see the government buying up a bunch of worthless hardware.
It’s just the market value that will be lost and that’s not something they see the Trump administration stepping in and just propping up a bunch of tech stocks. Which isn’t really a thing that you can do in the sense of “saving” these companies.
there’s plenty precedent for giving out DoD contracts to the likes of palantir. it might not be exactly the same but the theoretical “bailout” could rhyme
I think that was a Chapo ep, I haven’t listened to an actual TA episode in a long time and I distinctly remember hearing that conversation within the last few months