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I think that the Fortune 500 is so invested in AI that AI has potentially become "too big to fail". There are increasing political and financial connections bet

I think that the Fortune 500 is so invested in AI that AI has potentially become "too big to fail". There are increasing political and financial connections between big tech and the executive branch as well. As long as the Trump administration is willing to backstop any backslide on AI, things will only continue to go up. And there's no guarantee that Democrats would take a significantly different stance.

justin66 1y ago
What does it mean to "backstop" an AI company whose products no longer appeal to people? It's reasonably clear what it means to backstop failing financial institutions and so on. Not clear on how the concept applies to Microsoft or Nvidia or something.
- nradov 1y ago
  The US federal government already took an equity stake in Intel so they might do the same with other key tech companies.
nenenejej 1y ago
Trump may be willing but is he able? The US economy isn't unsinkable, or have infinite money to borrow or even print. I am not sure Trump is that tech co. friendly either and he is definitely not consistent and can turn at any time.
- nradov 1y ago
  For the next three years, the Trump administration can borrow or print an effectively infinite amount of money. Then cleaning up the mess through an austerity program will become someone else's problem.
  - nenenejej 1y ago
    They might but they are not immune from global markets that are watching their moves closely. Those markets determine bond yields and currency exchange rates. Although the market can be irrational longer than Trump needs to stay in office.
dragonwriter 1y ago
> As long as the Trump administration is willing to backstop any backslide on AI, things will only continue to go up. Government trying to “backstop” firms to prevent a bubble bursting may be able to delay it somewhat, but not indefinitely, and only at the cost of magnifying the impact when it does. And the capacity to even delay it is constrained by the state of the rest of the economy, and that isn’t looking great right now in the US, which is teetering on the edge of stagflation.

justin66 1y ago

What does it mean to "backstop" an AI company whose products no longer appeal to people? It's reasonably clear what it means to backstop failing financial institutions and so on. Not clear on how the concept applies to Microsoft or Nvidia or something.

nradov 1y ago
The US federal government already took an equity stake in Intel so they might do the same with other key tech companies.

nenenejej 1y ago

Trump may be willing but is he able? The US economy isn't unsinkable, or have infinite money to borrow or even print. I am not sure Trump is that tech co. friendly either and he is definitely not consistent and can turn at any time.

nradov 1y ago
For the next three years, the Trump administration can borrow or print an effectively infinite amount of money. Then cleaning up the mess through an austerity program will become someone else's problem.
- nenenejej 1y ago
  They might but they are not immune from global markets that are watching their moves closely. Those markets determine bond yields and currency exchange rates. Although the market can be irrational longer than Trump needs to stay in office.

dragonwriter 1y ago

> As long as the Trump administration is willing to backstop any backslide on AI, things will only continue to go up. Government trying to “backstop” firms to prevent a bubble bursting may be able to delay it somewhat, but not indefinitely, and only at the cost of magnifying the impact when it does. And the capacity to even delay it is constrained by the state of the rest of the economy, and that isn’t looking great right now in the US, which is teetering on the edge of stagflation.