This report with Americans for Financial Reform is an urgent warning: it details how the money pouring into AI could spiral into an economy-wide crisis and lays out recommendations for policymakers on how to keep an AI crash from devastating ordinary people’s finances.
Bet they don’t get bailed out. AI isn’t an important American industry with tens of thousands of employees like the auto giants. AI isn’t the backbone of our financial system like banks. To top it off, using taxpayer money to bail AI companies would be political suicide for either party.
The FED can’t bail out big tech with how hot inflation already is already running. US Treasury is having a hard enough time already keeping Japan propped up while getting bids on their own t bill auctions.
Bet they don’t get bailed out. AI isn’t an important American industry with tens of thousands of employees like the auto giants. AI isn’t the backbone of our financial system like banks. To top it off, using taxpayer money to bail AI companies would be political suicide for either party.
The FED can’t bail out big tech with how hot inflation already is already running. US Treasury is having a hard enough time already keeping Japan propped up while getting bids on their own t bill auctions.