OpenAI, parent company of ChatGPT, sparked controversy after top executive Sarah Friar suggested at a Wall Street Journal event that the U.S. government may need to “backstop” its $1.4 trillion investment in AI infrastructure, which drew public scrutiny. Following backlash, Friar clarified on LinkedIn that OpenAI wasn’t seeking government bailouts and emphasized the need for collaboration with the private sector. Critics pointed out the absurdity of expecting taxpayers to fund a private, $500 billion company like OpenAI. Market strategist Mike O’Rourke questioned whether taxpayers would bear the risks of AI chip loans. To address concerns, CEO Sam Altman revealed an expected revenue of $20 billion this year, emphasizing that the company wouldn’t seek government guarantees for its datacenters, advocating for a free market where failing companies should not be bailed out. The administration under Trump supports bolstering U.S. AI capabilities but stresses that there’s no plan for federal bailouts.
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