OpenAI’s CEO, Sam Altman, has firmly rejected the notion of the company pursuing federal guarantees to mitigate the risks associated with its substantial investments in artificial intelligence infrastructure. This statement comes in response to comments from a senior executive at the company, who suggested that government support could play a role in financing the technology. Altman emphasized that taxpayers should not be responsible for bailing out companies that make poor business decisions or fail in the market. He clarified that discussions have only occurred regarding “loan guarantees” for building semiconductor fabrication plants in the US, in line with the government’s initiatives. Although the US Chips Act has allocated significant funds to encourage semiconductor manufacturing domestically, Altman noted that OpenAI has not formally applied for these resources. Despite OpenAI’s commitment to invest $1.4 trillion in data centers and chips to advance AI systems, concerns about a potential AI bubble persist, as the company remains unprofitable.
Does OpenAI seek government assistance for AI development?
