Check out my new report with @openmarkets.bsky.social, “No Bailouts for Big Tech Billionaires: Policies for when the AI bubble bursts.” The title gives you a sense of its content.
Available in audio/podcast form on Spotify, in addition to text!
How should we handle it when the AI bubble bursts? On the next MAIHT3k livestream, @matthewus.bsky.social joins me and @alexhanna.bsky.social to discuss how we can avoid bailing out billionaires.
Monday, June 1, noon PT
twitch.tv/dair_institute
Twitch account for The Distributed AI Research Institute (DAIR).
That is bad for multiple reasons, not least that it means policymakers are not paying attention to the growing threat from the AI bubble, which has grown so big that it could bring down the economy if/when it bursts.
Policymakers need to recalibrate and push back on AI hype before it's too late.
And remember, this is what Wall Street execs think of their *own* workers...
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"At Standard Chartered Plc, CEO Bill Winters said Tuesday he’s replacing 'lower-value human capital' with financial and technology capital to cut 8,000 support roles over the next four years...
[1/2]
“Unfortunately, the policymakers best-positioned to sound the alarm are ignoring the rapidly growing AI bubble because they are too distracted by Silicon Valley’s sci-fi-esque prophecies.”
In today's episode of, "I totally get why people are cynical about politics and see conspiracies everywhere."
www.axios.com/2026/05/29/a...
...A week earlier, Goldman Sachs Group Inc. President and Chief Operating Officer John Waldron described his firm’s traditional operations as a 'human assembly line' ripe for automation."
[2/2]
www.bloomberg.com/news/article...
Check out my new piece for @lpeproject.bsky.social. My argument in a nutshell: Everyone in DC has been AI-pilled and sucked in by Silicon Valley's sci-fi fantasies--even policymakers who normally reject the self-serving narratives that emerge from corporate America.
lpeproject.org/blog/the-rea...
Next week’s conference calls:
May 26: Katie Van Dyck (@openmarkets.bsky.social) on sports media costs & antitrust
May 28: Matthew Scherer (@econliberties.bsky.social) on AI spending & bubble risks
May 29: Weekly Tech Policy Briefing Series
👉 RSVP: thecapitolforum.com/events/?utm_...
Matt Scherer
Matt Scherer
Paris Marx
Matt Scherer
Matt Scherer
Matt Scherer
The Capitol Forum
A brand new report from our fellow Matt Scherer warns that the AI boom is increasingly showing the hallmarks of a dangerous speculative bubble & urges policymakers to prepare now to resist future demands to bail out major tech companies if the market collapses.
