Articles tagged with "financing"
Sam Altman says he doesn’t want the government to bail out OpenAI if it fails
OpenAI CEO Sam Altman clarified that the company does not want or expect government bailouts if it fails, emphasizing that taxpayers should not be responsible for rescuing companies that make poor business decisions. This statement came after OpenAI CFO Sarah Friar initially suggested at a Wall Street Journal event that the U.S. government should “backstop” the company’s infrastructure loans to reduce financing costs and ensure access to the latest computing chips. Friar later retracted this, stating OpenAI is not seeking such government guarantees. Altman acknowledged that while loan guarantees have been discussed in the context of supporting semiconductor manufacturing in the U.S., OpenAI itself has not formally applied for such support. The discussion around government involvement sparked responses from other industry figures, including former Trump AI advisor David Sacks, who affirmed that the U.S. government has no plans to bail out AI companies. He highlighted the competitive landscape with multiple major AI firms, suggesting that if one fails, others will fill the gap. The government’s
energydata-centersinfrastructuregovernment-policyAI-hardwarefinancingsemiconductor-chips