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AI selloff prompts executive resignations

3m

Global tech industry faced mounting fears of an AI investment bubble, prompting resignations and calls to curb models after autonomous agents emerged and about $1 trillion in investment reversed.

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Apparently, the US admin is listening! "[per NYT] Trump is most concerned about economic growth, with AI being virtually the only sector driving the US economy. He reportedly fears the #AIBubble could burst, triggering a financial crisis [plunging] US into recession."
www.lemonde.fr/en/economy/a...
Trump administration destabilized by AI surge ahead of Xi Jinping's visit
On Friday, CNN revealed that an AI error nearly led the US military to board a Chinese ship suspected of carrying nuclear material near the Strait of Hormuz. Donald Trump, meanwhile, fears that a rece...
www.lemonde.fr
September 20, 2026 at 5:23 AM
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What’s behind the AI doomerism?

What’s up with Trump’s obsession with the Kennedy Center?

And what does the Macklemore story tell us about power in America?

I’m back to discuss all of this, and much more, on a new Coffee Klatch.
What’s Behind the AI Panic? | The Coffee Klatch with Robert Reich
What’s behind the AI doomerism?What’s up with Trump’s obsession with the Kennedy Center?And what does the Macklemore sto
youtu.be
September 19, 2026 at 2:00 PM

Reposted by Robert B. Reich

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What’s really behind the AI panic?

Do Big Tech execs actually want to be regulated — or just rig the rules in their favor?

And what about the money AI companies are pumping into the midterms?

@rbreich.bsky.social is back to discuss it all on a new Coffee Klatch.
What’s Behind the AI Panic? | The Coffee Klatch with Robert Reich
What’s behind the AI doomerism?What’s up with Trump’s obsession with the Kennedy Center?And what does the Macklemore sto
www.youtube.com
September 19, 2026 at 6:16 PM
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Notice what’s happening just in the past few days.

AI caused war crimes.

AI hacked corporations.

AI is denying healthcare.

AI nearly caused war with China.

Already the concept is becoming a catchall and hiding that, in all cases, there were people and systems getting desired results.
September 19, 2026 at 3:14 PM
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“As revealed in recently unsealed court documents, top Microsoft figures, including CEO Satya Nadella, admitted that their AI models are basically stealing content from media companies while providing virtually nothing in return, creating a “doom loop” that will swallow the web.”
Microsoft Director Admitted in Internal Document That AI Is Creating a "Doom Loop" That Destroys the News Media by Stealing Its Content Without Providing Anything in Return, in Turn Making the AI Usel...
A Microsoft executive admitted that AI companies like itself were plundering websites without giving them in return.
futurism.com
September 19, 2026 at 5:34 PM
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We've only begun to grasp the threat to our democracy of outsourcing government functions. The make-or-buy analysis is woefully myopic in the government context. Instead of learning that lesson, though. We may start to make it worse by outsourcing to AI.
September 19, 2026 at 4:22 PM
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As we get thrust into an unnecessary period of fascistic violence, war over resources, and the stripping of basic human services and dignity, the appeal of AI for the powerful isn’t just planning or war making, it’s creating a system that will do what they want and allow them to shirk all blame.
September 19, 2026 at 3:13 PM
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So….maybe let’s not!?
“Our AI content strategy has started a ‘doom loop’ that will hurt the performance of our models and the entire web at the same time. It is highly unusual that an end-product threatens the economic foundations of its essential suppliers, but that is the situation we have created.”

Obvs, but thanks.
Microsoft Director Admitted in Internal Document That AI Is Creating a "Doom Loop" That Destroys the News Media by Stealing Its Content Without Providing Anything in Return, in Turn Making the AI Usel...
A Microsoft executive admitted that AI companies like itself were plundering websites without giving them in return.
futurism.com
September 19, 2026 at 8:29 PM

Reposted by Carl T. Bergstrom

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I will not link to it, but @theatlantic.com has published a transparent piece of AI cult propaganda, authored by a self-described “AI safety and policy” researcher who is funded by Coefficient Giving. Shameful.
September 20, 2026 at 2:20 AM
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Just had lunch with a friend of mine who is also an editor of an academic journal.

They are drowning in AI slop and they are going to quit and hand the problem onto the next generation.
September 19, 2026 at 2:15 PM
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We already have an AI kill switch: cut power to servers.

Really want to talk existential threat? Fine. We humans have many ways to blow things up. Like data centers.

Panicky discourse assumes the first priority is protect tech company investments and expand their businesses. But why should it be?
September 19, 2026 at 12:04 PM

Reposted by Steve Peers

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The AI industry wants you to say "the AI just did that thing on its own!"

Like, United Health's AI that's denying a shitload of claims with a 90% error rate? They wanted you to think it's just the AI.
September 19, 2026 at 5:38 PM
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This fantasy that “AI is out of control” provides cover for powerful people and corporations to simply program systems to carry out actions and then shrug. And if that is brought into the larger scheme of operations, the powerful will shrug and blame the tool they control.
September 19, 2026 at 3:15 PM
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Presumably the main focus of the AI Force and the AI Czar will be fighting any efforts to regulate AI.
President Trump says he is forming an “AI Force,” modeled after the Space Force, and will soon appoint an AI “czar.” Trump said his administration will not “hinder or stifle” AI growth, saying the technology could eventually account for as much as 25% of U.S. GDP.
September 19, 2026 at 5:26 PM

Reposted by Alessandro Nai

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Just watching an old documentary tonight, something about data centers, ai and robots.
September 19, 2026 at 10:45 PM
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If you want an example, here. The major corporations are already training their AI to engage in corporate espionage and subterfuge. And yet, Google, one of the most powerful companies in the world, gets to hide behind the “rogue AI” bullshit and avoid consequences.
September 19, 2026 at 3:55 PM

Reposted by R. M. Wilson

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Every now and then I see myself referred to as an "AI Denier" and I want to be clear I acknowledge "AI" exists, it's just I think it's a massive energy drain, created from theft, implemented poorly for inappropriate tasks by loathsome tech executives who get hard at the idea of the rest of us dying
September 19, 2026 at 1:47 PM
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Anyway, another reason to not get too bogged down in the specifics of Project 2025 these days. That was published more than 3 years ago. The world looked very different than. The potential of AI hadn't been fully appreciated yet.
September 19, 2026 at 4:13 PM
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Is this really the case? Interesting trends and findings discussed in the last IANS and Artico Search 2026 Security Budget report ...

www.csoonline.com/article/4223... #cybersecurity #CyberSpending #CISO #AI
Security spending is growing — except for the typical CISO
AI is becoming the biggest destination for new security dollars, but spending remains uneven and strongest among organizations with mature AI governance.
www.csoonline.com
September 19, 2026 at 6:20 PM
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To be clear, some are talking about them. I absolutely know that and I amplify them!

But the breathless headlines about AI circling the world that everybody’s talking about? We don’t see the same visibility about risks of climate, nature, pollution, and fossil fuels. Yet they’re already happening.
September 19, 2026 at 5:18 PM