Through taxes, the government doesn’t care who wins, but directly benefits from the success of the ai sector. Ownership means the gov is picking winners and losers. We are on a dangerous path towards socialism and it’s mindblowing how “conservatives” have embraced it.
I would be less concerned about Sanders and more about Trump, Vance and Hegseth and their oligarchs. They totally ruined the reputation of the USA and they are about to deconstruct democracy and freedom in the USA. They need to be taken out not matter how.
@Shrub you would like Bittensor I think. Not 0DTE, but in the spirit of what you laid out here in the piece. Worth looking into and who knows, you may find it attractive in terms valuation if you note where it sits today and zoom out. Hint: VAL
Shrub and Chamath agreeing…We have crossed the event horizon
GM!
Lol. So much winning
On the topic of gov investment.
If we believe AI can (1) lead to mass unemployment due to replacing human labor, and (2) have a military impact like the Manhattan project.
Why doesn't it make sense for the gov to have some ownership?
Majority ownership is probably not the right way. But some decent percent to ensure the public has some say + can profit in the long run. Why not?
Not the best example, but Israeli Refael is gov owned and not publicly traded.
Israeli gov has stake in other defense companies too.
The government already has a stake in every company, directly it’s called corporate income taxes and indirectly, income taxes and payroll taxes
I get the analogy. But it's very far from being the same.
100% corporate income taxes is not the same as 100% ownership stake.
Through taxes, the government doesn’t care who wins, but directly benefits from the success of the ai sector. Ownership means the gov is picking winners and losers. We are on a dangerous path towards socialism and it’s mindblowing how “conservatives” have embraced it.
Appreciate the warning Shrubma :-)
And I never thought I'd agree with Scamath but hey we live in an upside down world!
The amount of pro socialism “but, but, but…” comments here is staggering.
I would be less concerned about Sanders and more about Trump, Vance and Hegseth and their oligarchs. They totally ruined the reputation of the USA and they are about to deconstruct democracy and freedom in the USA. They need to be taken out not matter how.
@Shrub you would like Bittensor I think. Not 0DTE, but in the spirit of what you laid out here in the piece. Worth looking into and who knows, you may find it attractive in terms valuation if you note where it sits today and zoom out. Hint: VAL