Lol, no. We don't want to use our tax payer dollars to fund your failing tech.
We don't even have government healthcare for all but you want us to pay for this? Absolutely not.
This is a most excellent place for technology news and articles.
Lol, no. We don't want to use our tax payer dollars to fund your failing tech.
We don't even have government healthcare for all but you want us to pay for this? Absolutely not.
The correct thing to do is to announce that there will be no bailout, and there will be criminal liability for any fraudulent practices that drove the hype cycle. Anything else will just encourage an even worse mega-scam next time. Let 'em burn to the fucking ground. Until and unless there's proper accountability and meaningful controls, we don't need LLMs.
Yeah, because the government picking winners has such a stellar track record. /s
This is otherwise known as a TAXPAYER FUNDED BAILOUT. Socialize the loss, privatize the gain.
Let them burn in the fire they set.
No, a bailout would be that they get a big payday to continue as normal. Nationalization would mean the government takes control and it becomes part of the government.
Airlines were a bailout. Amtrak was nationalized.
It's a bailout for life. It's use bailing out every year for the rest of time. It's still a bailout but it's not a one time thing.
It can function a bit like a bail out if the investors know they'll get a better than market rate when it's nationalised, but yeah they still shouldn't be conflated without reason.
Fuck that. My tax dollars will not be funding corporate bail outs.

...what? No?
Absolutely fucking not.
Nationalizing AI companies represents nothing more than a big tech bailout, leaving the American taxpayers holding the bag for the grandiose excesses, industrialized IP theft, and borderline fraudulence of some of the richest and most powerful corporations in modern society.
Hell no. No bailout for big AI.
They stole everything they have from the people, and if they are too stupid to figure out how to turn unprecedented plagiarism on a global scale into a viable business plan, then they deserve nothing more than to fail outright.
if they are too stupid to figure out how to turn unprecedented plagiarism on a global scale into a viable business plan,
Have they tried asking the LLM to generate one?
"Claude, justify your existence in the form of a well-written business plan for a mult-billion dollar company"
How is the government seizing control of a company and its assets a bailout?
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
And saddle them with the debt. Fuck the investors and the cyclical scam machine. They should forfeit that money outright.
If it sounds dumb, it's because it's meant to. "Buy them if they fail" debate leads to more onerous alternative proposals. The US is on a mission to make Skynet for Israel or China wins. It's hard for them to fail when Skynet will pay high prices for their datacenter time. But if they fail, it will be because they are too expensive, and "American people" owning them doesn't pay American people anything if they are stuck losing money forever. And the other alternatives that stem from debate, is "why not just throw government money at bubble top rates?"
What? No. You want the government to be in control of this tech directly? Jesus Christ, I can't tell which is worse, our situation now, or if we nationalized it and the goddamned federal government was calling the shots directly.
We should seize control of them by legal process and explode them with due process in law and all that shit.
NO.
WHAT THE FUCK, BRUCE?
What the actual fuck, Guardian.
More to the point: what the fuck, Schneier?
Absolutely fucking not.
I'm not coming from the "AI hater" angle either. I love open models.
But OpenAI and Anthropic are abominations. I've watched good startups and research groups disappear into the gaping maw they've created, all reason go out the window, replaced by whatever lies are coming out of Altman and Modi's mouths.
...They're destroying US innovation, and sucking everything into a black hole.
They need to burn.
And its honestly insane someone like Schneier can't see this, or was just paid to say this. No one in the machine learning research space likes OpenAI; they never have. I guess he's old enough to use past nationalization efforts as a baseline, in his mind?
All this bubble pumping bullshit is a desperate attempt to maintain their AI monopoly.
The reality is most tasks AI is actually useful for do not require >75% of the full AI model to do said tasks well.
This is why they're also trying to monopolize computing power. Because once people realize they can run AI locally without a gaming PC these digital snake oil salesmen are fubar.
They will also want us all to subscribe to their virtual desktops instead of owning our computers.
The electricity, the data, and the device, all on a subscription plan.
I think that no matter what happens we're going to foot the bill. There's no way in hell these assholes will ever face consequences of any sort. They already destroyed consumer electronics markets, and will bring the rest of the economy down with them if they fail, but they themselves and the parasite investors will never lose. We'll have to pay...
If we are going to suffer anyway just shut them down permanently so we aren't paying for their society ruining bullshit.
And here in the newspaper factory is where we manufacture the consent.
That is so unbelievably pants-on-head fucking stupid that it’s difficult to even comprehend.
From space to telecommunications, the US has a long history of fostering technology for the public good.
This one sentence alone is enough to dismiss the entire knob-slobbering article in my eyes.
Edit: A word.
let them die, others will rise from the ashes that don’t require burning the world down to grow
Eh, maybe buy the assets after they file for bankruptcy. Better to do it at the state level than federal though. I'm sure there are several state governments that could use a server hardware upgrade.
here’s how hard I hit the “ef” on that “fuck no”:
Respect.
Each investor will get one CD of ChatGPT training data per share as a bankruptcy settlement. Every CD need to be inserted into a single user-provided server to train the model anew, because it's saved as a multipart archive.
They should force them to open source their models, datasets, and research
How can they "open source" other people's work?
The data that they've trained on wasn't theirs to begin with.
ITT, people who don't realized nationalization != bailout.
Tbf most US nationalization schemes are just bailouts. The car manufactures just had stocks purchased. Intel too.
There is little appetite from corpo Dems and of course any Republicans for a forced seizing of assets.
IMO the distinction doesn’t matter, as even the remnants of these companies are radioactive.
I don’t mean that from an anti-AI angle, either. The people involved in them are sucking innovation into a black hole, on purpose. They’ve politicized AI by enshittifying it so quickly, without an ounce of shame. There is nothing to gain by seizing and nationalizing OpenAI/Anthropic, even if we miraculously stop a “bailout” and get rid of the leadership cleanly.
Better to put what they have in the open and start over with a new entity.
I like this idea. Let the government print tons of money and buy these companies, and while they're doing that, my net worth will go up since I hold my net worth in Monero and not Fiat.
Edit: Maybe this will teach people that the government doesn't care about you and that the only safe thing to hold is something they can't print out of thin air.