Bessent kills the AI bailout fantasy
Scott Bessent just said it straight: taxpayer money is not covering the debt Anthropic and OpenAI racked up chasing their private credit binge.
That puts Altman and Amodei in a real corner. No government rescue. Can't go public because their financials are a disaster. The Trump administration isn't saving them.
This is what happens when two companies bet everything on the hype cycle and borrowed like the money was infinite.
BREAKING: Palantir $PLTR CEO Alex Karp says "AI companies have to be nationalized." There it is... He just admitted this entire psyop is about government liability protection and taxpayer money to bail out their debt.
Source
x.com