bailouts
I expected this move to come when the AI bubble bursts…
They’re doing this to have the taxpayers assume all the risk while privatizing the profits. Fascism
This headline is sensationalized for clicks.
A 5% non-controlling equity stake is not “nationalization.” Words have meanings, and this isn’t the correct one.
Nationalization generally means the government takes ownership or control of a private company or industry. A small, non-controlling financial stake doesn’t accomplish that. If anything, it’s a form of public investment intended to let taxpayers share in potential financial upside, not government control over the company.
You can certainly argue whether it’s good policy. You can argue it’s a step toward greater government involvement in private industry. Those are legitimate discussions. But calling it “nationalization” is simply inaccurate.
This kind of exaggerated framing is becoming far too common on Lemmy. Every issue gets dressed up with the most emotionally charged headline possible because outrage drives engagement. It doesn’t inform people; it just reinforces existing biases and degrades the quality of discussion.
We should be better than clickbait headlines and loaded terminology. If we’re going to criticize a policy, let’s criticize what it actually is, not what makes for the most sensational title.
Edit: removed em dash. Anyone else having the auto correct put in em dashes!
If anything, it’s a form of public investment intended to let taxpayers share in potential financial upside
Getting in on the AI market right when it’s about to take off, certainly. This isn’t going to be a preemptive bailout for an industry that’s run out of private-sector sucker money.
It’s because “nationalizing” in this context is still about putting more money into the pockets of the few. The country does not benefit from this. Only the rich.
Right, they’re only doing it so they can point to it as a reason for a bailout. Fuck them, it’d be a lot cooler if we seize their assets and throw them in prison when the scam collapses.
Alaska did it to their oil… https://apfc.org/wp-content/uploads/2020/10/Alaskan_s_Guide_Permanent_Fund_Online.pdf
It’s just a scam to cash out at sky-high valuations before the bubble pops. Trying to stick the fucking scam on the taxpayers. The OpenAI is being billed as a “gift” but no way Anthropic and X.ai are doing anything but selling.
And start a chain of government gas stations, too
Privatize the profits, socialize the losses.
Could have sworn even Bernie Sanders was saying some shit like the public needs to hold a stake in AI. It’s good he has taken an anti-AI stance, but I don’t think making everyone a bagholder is a good path forward.
This is regulatory capture in action
The market is about to implode. They want the government bailout to be easier while lining their pockets in the meantime.
At this point, a ‘not the onion’ article about their administration would be something normal. We’ve come to expect absolute nonsense.
Don’t complain. Let then nationalize all the companies making AI too.
We need social media to be treated as a public utility. Make all the content algorithms open source, and require Activity Pub.
- Regulate AI- yes they should
- Nationalize and use for propaganda- no they shouldn’t
AI can find anything that’s been used for training and tint or lie about any info given out. It has no ethics. The government controlling it, especially this government, would be fucking scary.
Well of course, all the republican voters are complete morons. trump was elected twice by these muppets.
