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> It took years to take down Maddoff, and more to take down Bear Stearns. It will take maybe 5 - 10 years of "Ed Zitron is wrong posts here" until Anthropic and
by mschuster91 1mo ago
> It took years to take down Maddoff, and more to take down Bear Stearns. It will take maybe 5 - 10 years of "Ed Zitron is wrong posts here" until Anthropic and OpenAI have to be bailed out by the US government, but the day of reckoning will come.
Unfortunately, the market can stay irrational (far) longer than you can remain solvent.
In any case... I doubt Anthropic, OpenAI and xAI have any kind of moat that can justify a bailout. There is nothing truly unique either of these three possess, and certainly not against the free competition mostly from China or from Facebook that anyone can self-host.
Who will get the bailouts instead is the pension funds and other investment vehicles that have been force-fed crap AI stock like foie gras geese.
- regginwohmot 1mo ago[dead]
- lstodd 1mo ago> Who will get the bailouts instead is the pension funds and other investment vehicles It's the same thing in the end. Bailouts don't come from outer space, we all pay for delusions of few.
- root-parent 1mo agoOn interest rates I guess this is one of the concerns: "AI “definitely is, in the short and medium run, a force that increases both natural rates and potentially price pressures,” Arellano said. But other shifting pieces of the U.S. economy appear to be significantly offsetting the effect of AI investment, for now. If accelerating AI investment were to outpace the residential slowdown—or if rates were to fall and residential investment rebound—spiking aggregate investment would mean strong demand and even more upward pressure on rates." https://www.minneapolisfed.org/article/2026/how-is-ai-influencing-interest-rates-investment-productivity-prices-and-more https://www.minneapolisfed.org/article/2026/how-is-ai-influe...