Don’t worry, we will all be paying for it when the AI jenga tower will fall.
Businesses can make huge investments mistakes and then they will ask for help from the government that will have to save them to prevent total collapse and to save jobs. So we will pay for a few dumb CEOs like we always do.
The government may not be able to bail these companies out. The scale is even bigger than the housing crisis of 2008, and trust in the current administration is basically zero. I think the most we can hope for is the LLM companies (think OpenAI and Anthropic), and the companies whose services are effectively wrappers for LLMs, and probably Oracle (with its negative cash flow and astronomical debt) all go away. Amazon, Microsoft, and Google probably survive, with some high profile bloodletting, senior executives being purged by their boards. Apple has been the least bullish on AI, so they’re probably more or less safe and the biggest change will be new OS versions that don’t refer to Apple Intelligence. Facebook is structured in such a way that Zucc can’t be removed by the board, so who knows how that plays out.
Palantir and their ilk will likely get whatever they need to survive unless the midterms bring in a shockingly progressive group that cares about people’s privacy and removes funding for mass surveillance.
And those CEOs will go off with their vast piles of money to make the same mistakes again, since the message they get is that this behaviour will be rewarded.
Don’t worry, we will all be paying for it when the AI jenga tower will fall.
Businesses can make huge investments mistakes and then they will ask for help from the government that will have to save them to prevent total collapse and to save jobs. So we will pay for a few dumb CEOs like we always do.
The government may not be able to bail these companies out. The scale is even bigger than the housing crisis of 2008, and trust in the current administration is basically zero. I think the most we can hope for is the LLM companies (think OpenAI and Anthropic), and the companies whose services are effectively wrappers for LLMs, and probably Oracle (with its negative cash flow and astronomical debt) all go away. Amazon, Microsoft, and Google probably survive, with some high profile bloodletting, senior executives being purged by their boards. Apple has been the least bullish on AI, so they’re probably more or less safe and the biggest change will be new OS versions that don’t refer to Apple Intelligence. Facebook is structured in such a way that Zucc can’t be removed by the board, so who knows how that plays out.
Palantir and their ilk will likely get whatever they need to survive unless the midterms bring in a shockingly progressive group that cares about people’s privacy and removes funding for mass surveillance.
And those CEOs will go off with their vast piles of money to make the same mistakes again, since the message they get is that this behaviour will be rewarded.