Tech News
← Home  ·  All topics

Big Tech Bailout

1 GoKawiil brief on this topic

House Democrats introduce resolution opposing federal bailout of AI firms

Reps. Greg Casar and Maxine Waters led a group of House Democrats in introducing a resolution warning that an AI-related asset bubble poses economic risks, and stating opposition to any taxpayer bailout of corporations or executives if that bubble collapses. The resolution instead calls for aggressive federal action to protect workers, retirees and low-income communities from resulting economic harm, and was co-sponsored by a dozen other House Democrats.