points by InsidiousWombat 3 days ago | 0 comments
But why would they bail them out ? Stock value will drop regardless of what govt does and having the borrowers (the private companies that already made billions on selling the shovel) get stuck with the unclaimable debt is far better option, and those are not hiring average blue collar workers in hundreds of thousands so any job loss would be minuscule too
Two companies account for most of the frontier R&D, and something like 7 companies account for a huge portion of growth in the stock market. The government, especially under Trump, is very focused on continuing to see those numbers go up.
I also expect the government is pretty bought in on AI being the future and on us being in a race with China. They'd have to bail out the labs for those reasons alone.
Lastly in my opinion, Trump has a pretty socialist bent to him and regularly talks about a sovereign wealth fund owning portions of companies. He'd love to have take a partial stake in AI companies, and a bail out is a great way to do that.