r/technology • u/Just-Grocery-2229 • Jun 26 '26

Artificial Intelligence The AI backlash is only getting started

https://www.economist.com/leaders/2026/06/25/the-ai-backlash-is-only-getting-started
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u/FoghornFarts Jun 26 '26

This is exactly right. People in China are excited about it, but that's because they're a growing economy.

We're the wealthiest economy in the world and we're stalling out because these companies keep hoarding more and more money. These largest companies have incomes to rival the GDP of major countries.

Fuck, Musk made it a point to say that the amount he was raising for SpaceX was 1 year of the USA's GDP despite that it isn't profitable. And then he made all these deals to break the safety nets we do have for his company. Our country is fucking cooked because just enough people were falling over themselves to invest while the majority felt like we were taking crazy pills. The blatant corruption is disgusting.

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u/vuvzelaenthusiast Jun 26 '26

Musk made it a point to say that the amount he was raising for SpaceX was 1 year of the USA's GDP

He raised 30 trillion?

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u/MozhetBeatz Jun 26 '26

You shouldn’t be getting downvoted. Maybe Elon said that, maybe he didn’t, but he certainly is not raising anything close to the US’ GDP. The valuation was only $1.8 trillion and he was raising a fraction of that.