Bailing Out GAFAM, Giving Taxpayers' Money to Failing Companies, and Trying to Outlaw Lawsuits Against Them
What would the late Lincoln have said?
"If passed, only the state Attorney General would have the power to sue AI companies under the act." New report on the power of "lobbying" by the Ponzi scheme industry
We don't tend to focus on Intel (we mention it in passing) because we focus on software, but what's happening right now is utterly absurd. It did not start with President TACO/Cheeto, whose predecessor did the same.
To what lengths will the Ponzi scheme go or extend?
We thought it was bad when corrupt companies like FTX paid politicians and various "crypto bros" paid Cheeto to protect them once in Office. Now, months later, we're seeing political endeavours to ban efforts to crush Ponzi schemes and/or curb plagiarism:
If you thought tech companies were your overlords now, wait till you hear about this wonky piece of legislation being cooked up in Colorado.As The Lever reports, a bill proposed in the state's legislature last year would make it outright illegal for individuals to sue AI companies for violating the Colorado Consumer Protection Act, blocking off one of the few meaningful means of recourse for consumers who get screwed over by unfair business practices by the likes of OpenAI or Anthropic.
If passed, only the state Attorney General would have the power to sue AI companies under the act.
"By saying the Attorney General is the only avenue of enforcement of the Colorado Consumer Protection Act, they're saying that for [the AI] industry, there are fewer avenues for people to seek justice," Colorado representative Javier Mabrey (D), told the Lever.
The four sponsors of the bill, all Democrats, were endorsed by the Colorado Chamber of Commerce, which represents the state's business interests.
If this country is founded on the Rule of Law, and laws are up for sale, then it is the rule of money, not law. █