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@halcyoncmdr@piefed.social

2026-10-31 01:52 UTC

The difference is that the banks are actually necessary for the economy to function. And mitigations were put in place to limit that exposure in the future. Mitigations that have been stripped back again in recent years because of billionaire lobbying. None of the AI companies are necessary for the economy. And the big players that stepped into the quagmire aren’t over leveraged enough to actually be in danger. Only the AI-only companies are in danger. The mega corps like Meta, Microsoft, Google, etc. would be hurt but would survive just fine.

Replies (1)

  • @sobchak@programming.dev 2026-10-31 06:16

    They’re going to try to frame it as a national defense issue; like automotive companies are. My guess is they’d bail out SpaceX/xAI in exchange for personal enrichment if needed.

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