Technology

AI is just a financial grift to circlejerk money out of the stock market; and then reap a big, fat government bailout when the bubble inevitably pops.

If we share the profits, do we also share the risks? What happens to this plan when AI implodes?

I see plenty of objections, many from people who probably know much more about AI and US law than myself, but if what I interpret is accurate I’m trying to find flaw with it, given what’s confronting us with AI and its management.

I don’t see anywhere where the US government would be buying or bailing anything out, at least not upfront anyway. There’s no doubt to me these companies have stolen much, so they owe the public back for that. There’s no doubt to me those that run these systems aren't working in the US public’s interest, so the question of whether regulating or offering public protections should happen isn’t hard for me. That of course implies good governance, not what currently exists, which is a problem.

As I said I might be missing a lot, not being American or an AI user, but yeah aside from who is in charge currently I only see benefit here.

To give the government a 50% stake. I know the government is the public in some sense, but still.

Not wrong... But also sounds a lot like communism (the people own the means of production and all that). So it might be a bit too radical for the US.