Don't forget those private equities buying up life insurance companies that are being used for dumping grounds for bad loans that'll be bailed out through state-based guaranty funds instead of passing through bankruptcy. In other words, these private equities are using life insurance subsidiaries to offload the risk of bad loans (mostly AI-related) to taxpayers if those life insurance companies become insolvent, which will likely happen when the AI bubble pops.
drakairos
joined 2 months ago
I'm assuming you've never experienced the world of safety critical software development like the medical and aerospace industries.
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