Over the past few weeks alone, several AI leaders, including OpenAI CEO Sam Altman, began hinting that they expect governments to step in and bail out AI companies if and when the bubble bursts. After all, the U.S. government did exactly that in March of 2023 when Thiel’s last big withdrawal of funds (from Silicon Valley Bank) precipitated a series of bank collapses.
With so much pension money and other public funds riding on AI stocks Carney could also decide to bail out AI giants and data centre builders with public funds, rather than take a precautionary tact and pull out investments now from over-bloated AI firms.
Of course you do. Anyone with large shares of nVidia or the other AI companies…
And this is always the question. Will you bail out banks who make shitty decisions, knowing the risk and doing it anyway? Will you bail out individuals who didn’t know the risk and got played by their financial advisors?