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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: tjscott0   😊 😞
Number: of 4460 
Subject: Re: AI+TBTF/IS AI Bailout 2 Wealthy Coming?
Date: 11/06/25 10:29 PM
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Any statement from McKinsey I would take with a large grain of salt. They are king of layoffs. I'm sure they are in love with AI.
McKinsey is linked with numerous scandals both domestic & international.
Just a few links:
cbsnews.com - Pulling back the veil of secrecy surrounding mckinsey
theconversation.com - What frances mckinsey gate scandal revealed about the four major types of consultings conflicts of interests
independent.co.uk - Mckinsey how does it always get away with it
theconversation.com - What frances mckinsey gate scandal revealed about the four major types of consultings conflicts of interests

And AI does not have a record of success so far.
mlq.ai - State of AI in Business Report
rand.org - Research reports
techrepublic.com - Why of AI projects fail

Open AI has access to massive private investment. They have attracted $1.3 trillion in debt.
I believe Friar was fishing for government guarantees. Maybe because the return on AI is not a slam dunk.
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