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Financial Expert Says OpenAI Is on the Verge of Running Out of Money (futurism.com)
submitted 8 months ago by [M] to c/fuck_ai@lemmy.world
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[–] 3 points 8 months ago (1 child)

The problem with this theory is that the government is gutted, broke, and already reaching limits on borrowing and printing due to an economy so fragile its made of glass. They might actually not be able to afford to grant a meaningful bailout to AI companies.

This means they either try to anyway and everything collapses into an economic black hole. Or they hold off and let the AI companies collapse... and we still fall into an economic black hole but just a differently shaped one.

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  • [–] 5 points 8 months ago

    While this party I believe will reach a borrowing limit of sorts before they lose power, and de facto default by printing new money to pay off their debts and thereby watering down the value of the dollars, we still have a ways to go before that.

    Because while we are untrustworthy, every other currency is also untrustworthy, and it's not clear yet to investors how this is going to end up. They think things are going great, that we are embracing lies to keep the money flowing. Only too late will most realize anything.

    This administration will take each and every opportunity to borrow as much money as they can. Personally benefiting from every dollar they spend. We have a ways to go before trust is dead with investors I believe.

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