this post was submitted on 26 Nov 2025
263 points (99.6% liked)
Fuck AI
4728 readers
535 users here now
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If this bubble bursts while Trump is still in office, then they will absolutely bail them out. Fraud is the common denominator for all Trump's actions.
dems would bail em out too, money printer Powell was in power under Bush and Obama...that's no accident.
fact is the entire US economy is predicated on the idea our financial markets remain unregulated, so our country can act as easy exit liquidity for the rest of the world. That's been the underpinning of our entire economy since atleast the end of WW2
Powell was appointed by Trump 1.0
Powell was appointed as one of the Federal Reserve governors under Obama, I think that's what IronBird is referring to.
https://en.wikipedia.org/wiki/Jerome_Powell