"AI sovereign funds are seen as a tool to distribute the gains from the AI industry back to broader society."
  • Kazumara@discuss.tchncs.de
    23·
    4 days ago

    I don’t think there is any wealth there, just undeserved trust that allows them to raise money through debt.

    If you seize that, then the debtors will come calling for higher risk premium and the venture implodes - sooner than they otherwise would.

    So maybe it is a good idea anyway.

    • MonkeMischief@lemmy.today
      1·
      2 days ago

      “5 more years, bro. I know I know, just 5 MORE years bro and we’ll have AGI on the moon bro, no idea how to monetize it but just 5 additional years bro!”

      How the heck does this keep generating cash flow? Are investors really this stupid?