Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of...
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
This is the same group of people that also tells individuals they should cut expenses and not look for a handout.