While planning is ongoing and details are in flux, discussions have centered on having the firms voluntarily cede the shares to the government, the people said. The returns on the investment could then be directed to public purposes, one of the people said, such as distributing a dividend payment to all American households.
I don’t believe either of these two assertions has any chance of happening.
But such an arrangement could also pose novel governance challenges, given the complications of the U.S. trying to effectively regulate something it partially owns, while also arguably increasing the incentives for a federal bailout.
Even if by some miracle the US has “shares” of the companies not paid for by tax dollars, it creates an anti-regulation incentive, forcing the public’s interest to align with the AI companies’, which is going to be worth at least whatever we would have paid to those AI companies.
It’s well-understood that Altman, et al are running a scam and LLMs have limited capacity to produce anything at the same cost as a human worker. The longer this grift continues, the worse it becomes.
The takeaway here, the Administration is Communist.
Doesn’t sound like free capitalismm
gotta inflate those ipo so everybody (that they choose) ‘wins’.
They are going to reorganize when the assets and liabilities collide in the next recession, and current investors that aren’t connected are going to get robbed.
Called it.
First step to bailing them out from their astronomical expenditures that can’t pay for themselves. Because they want to plant an llm in our assholes. Sorry to be crass, I am watching old south park episodes and it’s wearing off on me.
Sirs I gots to check yo asshoe.
Truly streamlining the process by preemptively starting the bailout, huh
Pre-planning the rescue operation
Yeah. This is nationalization and a bailout with extra steps.
Best case the government gets a “dividend” kickback for tech it “owns” but is controlled by private industry while citizens get sent to jail for disobeying the same system their taxes fund.
This is the prisoners paying for the jail infrastructure. Your tax dollars along with your savings and pension will now finance the buildout of your very own Stasi style surveillance prison!
I feel like we’re very much in the territory the U.S. population should start getting armed (if they are not already), and learning how to safely use, maintain, and store their firearms.
When the workforce finally does mass protest, it should have the means to defend itself from the unconstitutional violence the state is going to use against them.
Was this what caused the sell off (showing weakness needing a bailout) or in response to it?
The public seizing the means of production? Why that’s communism!
