Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of...
Why would you need a bailout if you’re losing? Seems like it would be better to copy China and nurture successful industry growth instead of constantly bailing out the failures.
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
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Steal billions from the US government with this one easy trick.
why do they need to steal? They already paid their million dollar dinner fee to Mar a Lago
They don’t need to steal. They want to steal because they can and bribery is legal in the US.
And here we are. That didn’t take long.
Why would you need a bailout if you’re losing? Seems like it would be better to copy China and nurture successful industry growth instead of constantly bailing out the failures.
The bailout was the point all along.
Damn, you connected to the internet via a phone line? because you’re spitting straight fax.
@Ohmmy @CaptainBlinky I remember the days when I was connected to the Internet via phone line.
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
This is the same group of people that also tells individuals they should cut expenses and not look for a handout.