"Senator Elizabeth Warren (D-MA) is pressing the Trump administration for more information on potential plans to "prop up" major AI companies with money from taxpayers."
"President Donald Trump's "close ties" with AI executives and donors "raise concerns that the Administration will bail out AI executives and shareholders while leaving taxpayers to foot the bill.""
"Warren points to a recent interview with OpenAI CFO Sarah Friar, who suggested the government could "backstop" the company's investments in AI, before walking back the statement."
Senator Elizabeth Warren pressed the Trump administration for information about potential plans to prop up major AI companies with taxpayer money. She addressed a letter to David Sacks, the White House special advisor for AI and Crypto, and Michael Kratsios, the director of the Office of Science and Technology Policy. Warren expressed concern that President Trump's close ties with AI executives and donors could lead to government bailouts that favor executives and shareholders while burdening taxpayers. Warren cited an interview in which OpenAI CFO Sarah Friar suggested the government could "backstop" investments and noted OpenAI's request to expand the Advanced Manufacturing Investment Credit (AMIC).
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