"backstop the guarantee that allows the financing to happen"
"OpenAI is not seeking a government backstop for our infrastructure commitments."
"we do not have or want government guarantees for OpenAI data centers."
"has at least five major frontier model companies. If one fails, others will take its place."
OpenAI CFO Sarah Friar hinted that government could "backstop the guarantee that allows the financing to happen" for AI infrastructure financing, then promptly clarified via LinkedIn that "OpenAI is not seeking a government backstop for our infrastructure commitments." CEO Sam Altman reinforced that "we do not have or want government guarantees for OpenAI data centers." The comment intensified market fears of an AI finance bubble, contributing to a tech selloff that hit Nvidia and Palantir hard. White House signals include a $500 billion Stargate infrastructure proposal and statements from David Sacks rejecting a federal bailout while favoring eased permitting and power generation.
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