""Broadening coverage of the AMIC will lower the effective cost of capital, de-risk early investment, and unlock private capital to help alleviate bottlenecks and accelerate the AI build in the US," Lehane wrote."
""OpenAI is not seeking a government backstop for our infrastructure commitments. I used the word 'backstop' and it muddied the point.""
""have or want government guarantees for OpenAI datacenters.""
OpenAI asked the federal government to expand the Advanced Manufacturing Investment Credit (AMIC), a 35% tax credit from the Chips Act, to include electrical grid components, AI servers, and AI data centers. OpenAI requested accelerated permitting and environmental review for such projects and proposed a strategic reserve of raw materials like copper, aluminum, and processed rare earth minerals to support AI infrastructure construction. OpenAI argued that broader AMIC coverage would lower capital costs, de-risk early investment, and attract private funding to alleviate bottlenecks. Executive statements clarified that OpenAI does not want government guarantees for datacenter projects.
Read at TechCrunch
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