What a strange world we live in. The great capitalists who were going to revolutionize the world and transform our lives now desparately need our tax dollars to survive.
Sam Altman of OpenAI was publicly claiming day before yesterday (Nov 6th, 2025) that OpenAI is not asking the US Government to backstop AI companies’ losses.
Behind the scenes, as far back as Oct 27th, OpenAI was asking the Trump government to expand the 35% Chips Act tax credit to all AI infrastructure.
A Comedy of Errors
Who would have guessed that a company with $20 billion a year in revenues (OpenAI), and which has made commitments to spend $1.4 Trillion over the next 8 years, might need Government assistance?
OpenAI is about to trigger an absolutely massive AI Bubble crash.
It might take 6 months to 2.5 years before things fall apart.
Why the delay? Because the US is desperate to not have its economy implode and will do everything it can to delay the inevitable. However, this is the triggering event, without a doubt.
All the people who had doubts. All the people on the fence. All the people who thought AI seemed to be too good to be true. All the people who were suspicious of 22 year olds becoming billionaires (on paper).
They all will think AI is the new big scam, not the new big revolution. Who knows – Perhaps it is both.
Everyone now knows that this is a new breed of Entrepreneur – The Government-Preneur.
Instead of Profits, the AI companies are looking for Government hand outs and Taxpayer Bailouts.
These are companies built not on great products and great business models. These are companies built on Privatization of Profits and Socialization of Losses. Regulatory Capture. Government Backstops. Taxpayer Bailouts and Taxpayer Bailins.
Marvels not of Engineering, but of Financial Engineering.
Now we know why we were suddenly seeing so many articles claiming ‘Bubble are a holy cleansing fire’ and ‘Bubbles have benefits’ and ‘Bubbles lay the groundwork for the Next Generation of Great Companies’.
Sadly, this is the day that AI’s reputation got destroyed. The industry is looking for Bailouts and Taxpayer money even before it has started kindergarten. Amazing. Simply Amazing.
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