"OpenAI is not seeking a government backstop for our infrastructure commitments. I used the word 'backstop' and it muddied the point. As the full clip of my answer shows, I was making the point that American strength in technology will come from building real industrial capacity which requires the private sector and government playing their part. As I said, the US government has been incredibly forward-leaning and has really understood that AI is a national strategic asset."
"Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing, but also increase the loan to value, so the amount of debt that you can take on top of an equity portion ..."
OpenAI clarified that it is not pursuing a federal backstop or government loan guarantees for infrastructure commitments. Comments about banks, private equity and government roles referred to building an ecosystem to support industrial capacity and financing for expensive AI chips, not a direct request for a federal subsidy. The clarification emphasized that U.S. technological strength requires industrial capacity created by both private sector and government participation, and noted past U.S. government support treating AI as a national strategic asset. Public reaction to the initial remarks prompted the subsequent clarification.
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