"We do not have or want government guarantees for OpenAI data centers, Altman wrote in a lengthy social media post on Thursday. Taxpayers should not bail out companies that make bad business decisions or otherwise lose in the market. Altman said OpenAI has only had discussions about loan guarantees about building semiconductor fabrication plants in the US, where we and other companies have responded to the government's call."
"In an interview on Wednesday, OpenAI Chief Financial Officer Sarah Friar said OpenAI is looking for an ecosystem of banks [and] private equity to support its ambitious plans. But she also hinted at a role for the US government to backstop the guarantee that allows the financing to happen, but did not elaborate on how this would work. Asked for clarification on Wednesday, an OpenAI spokesperson said Friar was speaking in the context of the broader AI industry."
Sam Altman pushed back on the idea that OpenAI would seek federal guarantees for its AI infrastructure. He wrote that OpenAI does not have or want government guarantees for data centers and that taxpayers should not bail out companies that make bad business decisions. Altman said discussions about loan guarantees have been limited to semiconductor fabrication plants in the US. OpenAI has committed to spend $1.4 trillion on data centers and chips to build more advanced AI systems. CFO Sarah Friar said OpenAI seeks an ecosystem of banks and private equity and hinted at a role for a government backstop. Industry observers expressed concern about an AI bubble because OpenAI remains unprofitable.
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