this post was submitted on 27 Sep 2025
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Fuck AI
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They still have to make that money back somehow though. They can't just put a load of investment down on AI, make zero money off it (or worse, less than zero) and then expect everything to be fine with the existing profits. They need to raise revenue from existing streams to cover for the loss they just incurred by doing AI. That, or cut costs, which means layoffs, which means people have less money, meaning they spend less money, which means businesses make less money, so they do layoffs, and so on and so on leading to a recession.
US taxpayes will be proud to carry this burden, as always.
Privatize profits, socialize losses. The American (and thus global) way
I could understand the arguments about banks being too big to fail, because normal people and businesses have their money tied up in them.
But is Meta too big to fail? Are any of the tech giants too big to fail? Let them.