Treasury Has an Internal Report Warning About the Dangers of an AI Bubble

No doubt this will be used to justify the creation of a “sovereign wealth fund” meant to provide a capital lifeline to OAI and Anthropic who are still bleeding cash (irrespective of whether inference is profitable) and may have issues raising more money in the private markets if they are signaling a delayed IPO.

I really can’t begin to describe how angry this possibility makes me. And I don’t think I’m alone. If Sam Altman thinks he can stick his dirty hands into taxpayer money to keep chasing the dragon of AGI and get away with it he’s in for a real surprise. The downfall of this industry will happen regardless of how much Trump wants to sink into it.

The administration is very knowledgeable about all things A1.