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Report says 'circular financing' shows AI bubble 'primed to pop' (www.openmarketsinstitute.org)
submitted 5 days ago by to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1492252/report-says-circular-financing-shows-ai-bubble-primed-to-pop

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[–] 4 points 4 days ago (1 child)

Bet they don't get bailed out. AI isn't an important American industry with tens of thousands of employees like the auto giants. AI isn't the backbone of our financial system like banks. To top it off, using taxpayer money to bail AI companies would be political suicide for either party.

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  • [–] 3 points 4 days ago

    The FED can’t bail out big tech with how hot inflation already is already running. US Treasury is having a hard enough time already keeping Japan propped up while getting bids on their own t bill auctions.

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