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I can see bailing out banks, you need to keep money flowing. Bailing out something like auto industry. Lot of employees with non-transferable skills and restruc
by Ekaros 1y ago
I can see bailing out banks, you need to keep money flowing. Bailing out something like auto industry. Lot of employees with non-transferable skills and restructuring will be mess.
With AI? Well just sell the assets in bankruptcy. Models can be sold, hardware and infra can be sold, IP and brands too can be sold. Employees, they have mostly transferable skills and are mobile already.
Even if AI companies fall, other people can pick up the pieces if there is something valuable left. Market might be affected. But I don't think it is only domino.
- scotty79 1y ago> With AI? Well just sell the assets in bankruptcy. Entire stock market will tank and a lot of very rich people will lose a lot of money. So government won't let that happen.
- Ekaros 1y agoWouldn't a bailout worthy event already lead to stock market crash? Basically market run would be triggered if there was something that warranted a bailout. So would there be much to bailout to still prop-up the market?
- scotty79 1y agoI think the stock market prices in the value of being "too big to fail". So bailing out might actually cause the stock to appreciate because uncertainty about the possibility of bailout suddenly disappears in a positive manner.