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If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essential
by JumpCrisscross 5mo ago
If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essentially, an interest-free loan.
- artninja1988 5mo agoAs far as I understand, these companies would cede shares to the government, i.e. give the USG a stake for free.
- JumpCrisscross 5mo ago> these companies would cede shares to the government, i.e. give the USG a steak for free That’s not the precedent of the Intel investment, where the “government’s equity stake” was “funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program” [1] [1] https://www.intc.com/news-events/press-releases/detail/1748/intel-and-trump-administration-reach-historic-agreement-to https://www.intc.com/news-events/press-releases/detail/1748/...