• ZILtoid1991@lemmy.world
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    7 hours ago

    What I fear is that Trump will declare a “state of emergency” to try and save “SI”, and then try to invoke a martial law or similar to get the will of the AI vendors come true.

  • HertzDentalBar@lemmy.blahaj.zone
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    1 day ago

    The difference between AI and The Auto Bailouts is the auto bailouts actually required repayment, and was to protect real jobs and real industrial knowledge.

    This AI bubble won’t be able to bailed out, it’s not real, it’s not jobs, it’s nothing but fake numbers, there’s no chance they can ever repay anything and the knowledge is already mostly public and can be recreated without wasting billions more to forward the tech.

    And if they do bail them out… It means money actually means nothing and Americans should just burn down their government.

    • chiliedogg@lemmy.world
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      7 hours ago

      The democratic House resolution is basically an opinion letter. It’s no different than when they pass a resolution declaring that Christmas is a special time of year.

    • Destide@feddit.uk
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      2 days ago

      Should pass right after the 1% get there’s ensuring no one else can succeed after them

  • IninewCrow@lemmy.ca
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    2 days ago

    Capitalize profits

    Socialize losses

    When things are going great, give everything to the rich … when things eventually go badly, let the poor pay for everything. Why would the world want to hurt or take away the rich man’s wealth?

  • gedaliyah@lemmy.world
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    2 days ago

    Let’s see, Anthropic is about a trillion, OpenAI is about a trillion, AMD is about a trillion, SpaceX and Meta are two trillion each, Amazon is 3, Microsoft is 4, Google is 4, Nvidia is almost 6… So something on the magnitude of a $20 trillion bailout?

    The USA budget is only a quarter of that. The entire federal budget.

    This is going to be fucked, isn’t it?

    • Bluewing@lemmy.world
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      2 days ago

      Remember, it will be a mere $10 down and Easy Paymentstm of one trillion a year over 20+ years.

      • anton@lemmy.blahaj.zone
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        1 day ago

        At current 20y US Treasury rates, that wouldn’t even cover the interest, growing the principle by tens of billions.

    • Noite_Etion@lemmy.world
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      2 days ago

      They’d have to incinerate Social Security, defund every school, let infrastructure rot, and hyper-inflate the dollar into worthlessness just to keep Wall Street’s AI bubble afloat… Which is beyond fucked.

      Welcome back to life as a peasant.

      • TheObviousSolution@lemmy.ca
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        2 days ago

        Welcome back to life as a peasant.

        Which is sort of what their glimpses of post-AI jobs in the future they could actually substantiate suggest. It’s all a big heist from the wealth of the people into the pockets of the wealthiest using the smoke and mirrors of a “democratic” government, fueled by the possibility of them no longer having to placate human societies in any way if AI and robotics becomes advanced enough.

      • Signtist@bookwyr.me
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        1 day ago

        Don’t worry, AI will still be around then to do all the thinking for us! It’ll tell us how this was all for the best, and how we should be thankful to our overlords! We’d surely be making the best of a bad situation and not following a plan for this exact thing to happen!

      • Leon@pawb.social
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        1 day ago

        lmao, Klarna says that abroad? They’ve been established here in Sweden for like a decade at this point. Fucking leeches, inserting themselves everywhere. No good tech comes out of Sweden.

        • kestrel7_7@lemmy.world
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          11 hours ago

          TBH I have no idea how it works, but they’re always advertising “get it in 4 no-interest payments from Klarna”

          I’ve never used it, I already have a credit card I’m attempting to avoid using 😂

          • Leon@pawb.social
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            7 hours ago

            Good! Klarna has become a basic payment processor here. It can be difficult to not use them, even when paying directly.

            Like when I had to return a bag of my dogs food, they told me to contact klarna. I was baffled because I paid with a card directly. Had no idea klarna was even involved in the process.

            They’re well known for exploiting people. Like we have ads for splitting up payments for fucking fast food using klarna. Ugh! And the CEO is just begging to meet Green Mario. Such a massive cockwomble.

    • Buddahriffic@lemmy.world
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      1 day ago

      AMD is cash positive. They have 2 billion long term debt but hold 13 billion cash (as of June 2026). Where are your numbers coming from? AMD’s market cap isn’t even quite a trillion and market cap is just last sale price multiplied by total shares.

      • gedaliyah@lemmy.world
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        1 day ago

        Numbers are from Wikipedia.

        It’s certainly likely that not all of these companies will need a bailout. AMD and NVIDIA sell products that are generally useful and established, but it’s hard to say how much of any of these company’s value is tied into AI hysteria or contracts that will fall through when AI customers go belly-up.

        Yes, the bailout price is also not the same as valuation. I don’t think it’s outrageous to think that the coming recession will wipe out $20 trillion from the market, though.

  • Gammelfisch@lemmy.world
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    2 days ago

    …and the AmeriKans continue to tell the world how much they despise SOCIALISM. Go pee in the wind.

    • HaraldvonBlauzahn@feddit.org
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      1 day ago

      Profits are privatized, losses are socialized.

      Looking closely at it, it is a system that brilliantly combines the disadvantages of capitalism and socialism.

  • SnarkoPolo@lemmy.world
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    2 days ago

    Once again, the American middle class, or what’s left of it, will be the ruling class’s personal piggy bank.