No bailouts, no handouts, no special treatment, no tax breaks, no CHIPS act, and no sovereign wealth fund. It is time to tell the AI industry to go fuck itself, because it's effectively done the same to the rest of society. This industry is unworthy -- a sham conjured up by a tech industry that's run out of ideas, a trillion-dollars' worth of manufactured consent and entirely-avoidable financial crises -- and should not be protected under any circumstance.

Every single time you hear somebody discuss "bailout" or "too big to fail" or "sovereign wealth funds," know that this is the industry, on some level, attempting to create the air that it cannot die, when in fact every one of these companies is just as weak and brittle as any other startup.

I also think that the media -- and the world at large -- is too ready to accept the prospect of a bailout after watching those who drove the world into a ditch in 2008 escape blame, and I must be clear: the AI industry is very different to the financial industry. It is inessential to the economy, and its relevance is only as large as the hype campaign that sits behind it.

This is an industry of losers that has inflated only because of the joint manufactured consent of Silicon Valley, the mainstream media, and an enshittified stock market that rewards grifting and circular financing. OpenAI had $5.7 billion and Anthropic a little under $5 billion in the first quarter of this year -- and those revenues mostly came from companies that were burning AI tokens at a horrendous rate because they'd just been forced to pay the actual cost of AI -- and now everybody's pulling back on that spend.

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