alt Hacker NewsAny hope of a bailout for AI or data centers vaporized last night. If an AI company gets in trouble it will be a “let it burn” scenario.
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Why do you say that? TARP was extremely unpopular yet still happened.
Never underestimate the willingness of politicans to vote for pork.
> If an AI company gets in trouble it will be a “let it burn” scenario.
That's how things should work. Bailouts are socialism for corporations.
thats called free market capitalism...
Not at all. The reasonable democrats will be forced to clean this mess (and Iran) while spending their newly found political capital and pissing off their base.
AI bubble pops - they will vote bailouts if the situation is 2008 like. They will grudgingly support or even escalate the war in Iran because just leaving is not an option - so some stability is a must. They will support israel for the same reason.
And they will support data centers buildouts because ai is the future of economic growth.
Trump has created a mess in which there are few good moves. But they will own them.
Good. That's how America's free market is supposed to work.