• trashboat@piefed.social
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    15 hours ago

    I’ve been starting to think that once the bubble begins to pop, the US will bail out the banks by buying up their loans to hyperscalers, and they’ll start writing giant surveillance contracts to AI companies to compensate for the lack of demand. The rich get richer and the resulting stock corrections will end up hurting regular people most

    • WhatAmLemmy@lemmy.world
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      12 hours ago

      Yeah, whether they buy the excess hardware in a fire-sale, nationalize open AI/Anthropic into the DoD on nat sec grounds, or just sign several hundred billion dollar contracts with them, we’re just splitting hairs. The threat and their intentions remain the same.