this post was submitted on 19 Aug 2026
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If the markets reject OpenAI and Anthropic, the US should nationalize them (www.theguardian.com)
submitted 1 day ago by muelltonne@feddit.org to c/technology@lemmy.world
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[โ€“] village604@adultswim.fan 0 points 1 day ago (1 children)

How is the government seizing control of a company and its assets a bailout?

[โ€“] mrmaplebar@fedia.io 8 points 1 day ago

Because these "assets" are at best hemorrhaging billions of dollars per year, and are also the result of total cultural strip mining. Why would I, as a taxpayer, want to take over a massive, and massively unprofitable business?

I think it's naive to believe that the government will seize these companies without without a huge amount of taxpayer cash winding up in the hands of big tech companies and their owners.

Let failing businesses fail. Leave the taxpayers out of it