rssMB to Left News WireEnglish · 4 days agoOcasio-Cortez Says ‘We Should Not Be Entertaining a Bailout’ of AI Industry as Bubble Fears Growwww.commondreams.orgexternal-linkmessage-square23linkfedilinkarrow-up1228arrow-down10file-text
arrow-up1228arrow-down1external-linkOcasio-Cortez Says ‘We Should Not Be Entertaining a Bailout’ of AI Industry as Bubble Fears Growwww.commondreams.orgrssMB to Left News WireEnglish · 4 days agomessage-square23linkfedilinkfile-text
minus-squareSparroHawc@lemmy.ziplinkfedilinkarrow-up2·4 days agoAvoiding a bailout is going to be difficult, mostly because the incestuous money-cyclone of the AI industry is the only thing propping up the GDP.
minus-squareBakerBagel@midwest.sociallinkfedilinkarrow-up3·4 days agoWe are already in a recession in all but name. Employment is down, manufacturing is down, the inly thing that is holding the economy up is the inflated valuation of a handful of companies that went way long on AI.
Avoiding a bailout is going to be difficult, mostly because the incestuous money-cyclone of the AI industry is the only thing propping up the GDP.
We are already in a recession in all but name. Employment is down, manufacturing is down, the inly thing that is holding the economy up is the inflated valuation of a handful of companies that went way long on AI.