US Reps Lead Democratic Resolution Opposing A.I. Bubble Bailout for Big Tech

? What? Is someone already talking a bailout before the bubble has even burst?

If they know it will burst, then maybe prevent the bubble in the first place.

The AI bubble is not going to burst. At my company, we could easily spend 2x more per employee on AI. Easily. And I know at several other companies that is also the case.

So, very easily these companies can get twice as much revenue over night. And that’s only the beginning. AI has very low churn.

a) How courageous for them declaring wanting to ban something that isn't being proposed

b) if an AI bubble burst were to happen, the fallout would be severe, ie. hard to abstain for policy makers from giving the public ease of mind

c) All this proposal wants is to drive a wrench between the GOP and its new (?) populist voters, that don't want any favors given to any Big Tech oligarchs, regardless of it being AI or not.

d) this may work or not – neither party is going to abstain from bailing them out, anyways.

absolutely ZERO Ai companies need bailouts. this is complete theater.

if you are reading this, please do some research on how much money inference prints? its not wildly spoken about because people don’t yap about printing money.

“Oh but it’ll all come crashing down” - say you don’t work at a lab or know anyone at a lab.

My greater annoyance is HN becoming annoying political in the past few years. Sure, everything is political now but the moderation siloed these posts better. Maybe the user base is too old now. Fresh blood went to Discord or X.

like anyone don't have a 401k, if AI crashes, say goodbye to 401k. This is not really constructive to the situation. What is constructive is thinking about how to improve the country's electricity system, which will benefit the people and industry alike. This country charges generally 10 to 40% of taxes yet industry have to buy their own generators for power. You know a lot of capex spending by companies which is fueling the AI bubble debate is to cover job functions that should be provided by government with existing tax dollars. And these politicians have no problem voting for 1+ trillion defense spending a year.

I work on AI and I oppose a bailout for an ai bubble or whatever else.

If you're lucky enough to be in this field and you're not managing your finances, that's not the governments problem to fix

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