"AI sovereign funds are seen as a tool to distribute the gains from the AI industry back to broader society."
    • nullspace@lemmy.world
      1·
      2 months ago

      I was just thinking the same. Most of what’s bad about AI just leads back to the wealthy elite being greedy hoarders.

      • DickFiasco@sh.itjust.works
        1·
        2 months ago

        Yup. AI is just the logical conclusion of unregulated capitalism. When you can’t exploit the workers any further, you replace them with machines.

      • givesomefucks@lemmy.worldEnglish
        1·
        2 months ago

        They borrowed our real money from banks without us having any say in it, based on imaginary valuations of what someone would hypothetically spend for their mountain of shares based on the price the tiny slice for sale is worth…

        A complete and utter disregard for supply side economics.

        If any of them actually have to sell to pay back the loan, they go bankrupt and the bank can’t collect.

        That makes every other bank individually panic and call all their loans in to try and get what they can.

        Banks doing a run on banks. Then everyone’s going to try and pull their money out when banks starting going bust.

        • zarathustrad@lemmy.world
          1·
          2 months ago

          I’m just waiting for when they have to sell off all that depreciating silicone (SSD/HDD/RAM). Just hope they don’t throw it all in a landfill with the ET Atari carts out of spite.

          • chaogomu@lemmy.worldEnglish
            1·
            2 months ago

            Nope, that shit will flood the market, but it’s all been run hot for as long as possible, well, the stuff that actually went into data centers. Some of the shit that’s been “sold” hasn’t been made yet, because the data centers are still being built, on land that’s still being stolen through eminent domain.

            Except, some of those data centers will be given over to government and corporate surveillance of, well, everyone. Surveillance that will then be used to enact violence on people. It already is.

      • 7101334@lemmy.world
        0·
        2 months ago

        Forgive the old internet phrase, but

        inb4 “It was never meant to. We’re a Republic, not a direct democracy.”

        A Republic implies that the elected officials endeavor to represent the will of the people. If you think that’s going on in America, you may need to schedule a trepanning procedure or something because some shit’s wrong with your brain.

        • cavitationfetishist2@quokk.auEnglish
          0·
          2 months ago

          Maybe electing people to have power over you isn’t really democracy? Like ever? Maybe democracy means you don’t need other people making decisions, but to work them the fuck out among yourselves?

          Or maybe that’s the exact opposite of democracy, and by not voting blue no matter who I’m the worst kind of fascist. Who can say?

          • prole@lemmy.blahaj.zone
            0·
            2 months ago

            I think there are historians and such who have dedicated their lives to studying this shit that can say.

            And they say you’re wrong.

      • prole@lemmy.blahaj.zone
        1·
        2 months ago

        Trump is in fact our most communist president.

        I think “nationalist” is the word you’re looking for.

        The Nazis did the same shit, and despite the name, they were not socialist.

        • Uriel238 [all pronouns]@lemmy.blahaj.zoneEnglish
          1·
          2 months ago

          Looking it up, Bytedance still gets half the profit from TikTok and the rest is distributed to Oracle, Silver Lake, and MGX, so, no, no profits are going into the US treasury.

          And it’s also observed, capturing TikTok may just be the same move as the German Reich to turn media into a state-sanctioned mouthpiece. But I don’t know who determines the parameters of the TikTok algo.

          • msage@programming.dev
            1·
            2 months ago

            I remember vaguely that algo was supposed to be in the hands of Oracle, otherwise it doesn’t make any sense.

  • BillyGruff82@lemmy.dbzer0.comBannedEnglish
    0·
    2 months ago

    The wealthy will turn it into a bailout. The US government isn’t gonna ‘seize’ anything. They’ll “compromise” by buying the companies directly from the wealthy, and when it all comes crashing down the tax payers will be left holding the bag.