looking at the history of AI, if it fails there will be another AI winter, and considering the bubble the next winter will be an Ice Age. No minduploads for anybody, the dead stay dead, and all time is wasted.
Adding insult to injury, they'd likely also have to contend with the fact that much of the harm this AI bubble caused was the direct consequence of their dumbshit attempts to prevent an AI Apocalypse^tm^
As for the upcoming AI winter, I'm predicting we're gonna see the death of AI as a concept once it starts. With LLMs and Gen-AI thoroughly redefining how the public thinks and feels about AI (near-universally for the worse), I suspect the public's gonna come to view humanlike intelligence/creativity as something unachievable by artificial means, and I expect future attempts at creating AI to face ridicule at best and active hostility at worst.
Taking a shot in the dark, I suspect we'll see active attempts to drop the banhammer on AI as well, though admittedly my only reason is a random BlueSky post openly calling for LLMs to be banned.
New piece from Brian Merchant: Deconstructing the new American oligarchy