alt Hacker NewsWhere does this bailout narrative come from? There seems to be this 100% certain idea that the AI companies will collapse and when they do the government will bail them out.
They’re not banks which would wreck the economy by collapsing and they’re nothing like General Motors which needed a bailout to save 1.2 million jobs.
Replies
gosub100 • yesterday at 11:36 PM
Sam and I think another OpenAI exec have dropped the idea in recent interviews.
They also appear to be highly revenue generating businesses and yet supposedly they will collapse.
I’m spending quite a bit of money on subscriptions and API tokens and so are many people like me. The revenue numbers in the prospectus and what is known about AI revenue across the industry is real and significant revenue. Yes the capex is big but also exaggerated as they report 10 year numbers on contracts that have flexible cancellations etc.
I have no idea why people think AI will need a bailout. It appears to be one of the most rapidly profitable and expanding businesses we have ever seen.