Comment by mothballed 14 hours ago
The fed could still push the real value of stocks quite a bit by destroying the USD, if they want, by pinning interest rates near 0 and forcing a rush to the exits to buy stock and other asset classes.
By the time it catches up with them they will have IPO’d and dumped their problem onto the public market. The administration will probably get a golden share and they will get a bail out in an effort to soften the landing for their campaign donors that also have huge positions. All the rich people will be made whole and the US tax payer will pay the price of the bail out.
And Microsoft or whoever will absorb the remains of their technology.
The point still stands though. All these other companies can pivot to some thing else if AI fails but what will OpenAI do?