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109

Taxpayers Must Not Be on the Hook for Bailing Out the AI Industry (truthout.org)

submitted 4 days ago by rss@news.abolish.capital to c/pravda_news@news.abolish.capital

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The U.S. economy is heading toward uncharted territory. Artificial Intelligence (AI) is transforming business operations and all areas of finance, the national debt is on an unsustainable fiscal path, and most middle-income Americans cannot keep up with rising costs. Moreover, as hundreds of billions of dollars are flooding into artificial intelligence, there are serious concerns that an AI bubble…

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[–] kylie_kraft@lemmy.world 16 points 4 days ago

The US AI industry has been framing its development as an arms race with China for exactly this reason.