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Mohr About... Trump's Intel takeover, AI bubble about to burst
The Trump administration is increasingly expressing intentions to take over businesses, with the scariest current example being Intel. Meanwhile, after a horrendous new ChatGPT launch, OpenAI CEO Sam Altman admits it's all a bubble. I looked at both issues in this episode.
The Trump administration is increasingly expressing intentions to take over businesses, with the scariest current example being Intel. Meanwhile, after a horrendous new ChatGPT launch, OpenAI CEO Sam Altman admits it's all a bubble. I looked at both issues in this episode.
Sources:
Trump admin's Intel takeover plan:
https://www.cnbc.com/2025/08/19/lutnick-intel-stock-chips-trump.html
https://www.reuters.com/business/media-telecom/us-examines-equity-stake-chip-makers-chips-act-cash-grants-sources-say-2025-08-20/
https://www.reuters.com/legal/government/trump-eyes-us-government-stakes-other-chip-makers-that-received-chips-act-funds-2025-08-19/
Sam Altman's bubble admission: https://www.theregister.com/2025/08/15/boy_riding_bubble_realizes_what/
AI's little to no financial ROI: https://www.theregister.com/2025/08/18/generative_ai_zero_return_95_percent/
Bank firing employees for AI had to rehire them:
https://arstechnica.com/tech-policy/2025/08/bank-forced-to-rehire-workers-after-lying-about-chatbot-productivity-union-says/
https://www.theregister.com/2025/08/22/commonwealth_ban_chatbot_fail_rehiring/
AWS CEO against replacing junior staff with AI: https://youtu.be/nfocTxMzOP4?t=721
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