"After OpenAI CFO Sarah Friar walked back comments about seeking a " government backstop" for its massive data center spend, CEO Sam Altman reiterated that the company does not "have or want" any government guarantees. "We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad business decisions," Altman wrote Thursday on X."
"Altman echoed Friar's explanation that AI is a "national strategic asset," and he added that it makes sense for governments to build their own data centers. As questions swirl around the slew of eye-popping compute deals OpenAI has forged in recent weeks, Altman addressed why the company is spending so much - to the tune of $1.4 trillion over the next eight years - and how it's going to pay for it."
OpenAI clarified that it does not have or want government guarantees after its CFO walked back talk of a government backstop for data center spending. The CEO said governments should not pick winners or losers and taxpayers should not bail out companies that make bad business decisions. The company is not trying to be too big to fail and accepts responsibility if it fails. OpenAI called AI a national strategic asset and noted that governments may sensibly build their own data centers. The company plans roughly $1.4 trillion in compute spending over eight years and expects a $20 billion annualized revenue run rate by year-end, with enterprise offerings, consumer devices, and robotics as significant revenue drivers. Infrastructure lead time and urgent goals like curing diseases and pursuing AGI justify accelerated investment now.
Read at Business Insider
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