The problem is all these over-leveraged sectors will drag everybody else. And guess who will be bailed out? Heads they win, tails everybody but them loses.

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coldpie 14 hours ago | parent | next [-]

> The problem is all these over-leveraged sectors will drag everybody else

Well, the good news is that's what good public policy is for, to blunt the impact of the damage with strong anti-trust enforcement and careful cash injections to weak-but-critical areas of the economy to help stabilize in rough times.

Now, hang on for just one moment while I crawl out from under this rock and take a look at who we have entrusted to set our public policy.

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franktankbank 14 hours ago | parent | prev [-]

Assets don't disappear they get bidded.

	▲	alecco 13 hours ago \| parent \| next [-]
		And who buys those troubled assets at deep discount? Where do they get the cash to pay for them?
	▲	mschuster91 14 hours ago \| parent \| prev [-]
		The problem is, what assets remain of a company that doesn't own anything material? OpenAI, Anthropic - they don't own datacenters that could be auctioned off. All they own is training data and trained weights, and both are relatively worthless. The game that all the AI companies are playing is to be the last dog standing at all costs, because that kind of dominance is a money printer.