Why is anything going to be catastrophic? Companies can go bankrupt without catastrophes for the rest of us. Happens all the time.
Why is anything going to be catastrophic? Companies can go bankrupt without catastrophes for the rest of us. Happens all the time.
I read it as catastrophic for the companies trying to IPO. It'll be great for the rest of us though.
A large portion of the economy is currently tied up in the musical chairs shell game that is AI hype. When the music stops there are going to be CEOs looking for handouts and justifying it with spooky national security buzzwords. How we respond to that will depend on whether it happens in an admin that is famously captured by the industry or not.