Senior U.S. Officials Eye Government Shares in AI Giants
www.notus.org
An agreement to give the U.S. government equity stakes in AI companies could have seismic consequences.
  • moustachio@lemmy.worldEnglish
    5·
    5 hours ago

    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.

  • teyrnon@sh.itjust.worksEnglish
    6·
    7 hours ago

    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.

  • NekoKoneko@lemmy.worldEnglish
    28·
    1 day ago

    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.

    • manxu@piefed.socialEnglish
      6·
      10 hours ago

      It starts with “they are giving up the shares voluntarily,” then three months later Mike Johnson introduces the Artificial Intelligence Secure from Terrorism United Patriotic Information Delivery bill (AI-STUPID) that authorizes the emergency purchase of 16 Trillion US Dollars of AI shares on taxpayer dime. 14 go to the AI companies, 2 will water the swamp.

      The White House Ballroom is the blueprint, and itself it is the brain child of the Mexican Safety and Security Border Wall.

    • EvergreenGuru@lemmy.worldEnglish
      10·
      23 hours ago

      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.

    • teyrnon@sh.itjust.worksEnglish
      1·
      7 hours ago

      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.