It seems we would come to the realization the AI products do not work as well as advertised and the bubble will slowly leak air. This is different from the 2008 liquidity issues that were immediate.
I worry about the tax breaks cities, counties, and states gave to the data centers. Long after the hardware is removed from the empty data centers, how long it will take to repurpose the buildings.
How exactly would tax payers end up with the build? Literally everything into the bubble was private capital like SoftBank, Microsoft.
Big players subsidising AI in hopes they can make profit later. Same as with Uber.
So why is it tax payers who would end up with billions? It’s pretty clear that if bubble bursts it is Microsoft, SoftBank etc that would lose the most money.
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[ 0.24 ms ] story [ 20.3 ms ] threadUm, scientifically speaking, burst or no burst, the general population including the taxpayers will end up with the bill.
Big players subsidising AI in hopes they can make profit later. Same as with Uber.
So why is it tax payers who would end up with billions? It’s pretty clear that if bubble bursts it is Microsoft, SoftBank etc that would lose the most money.