OpenAI CFO Says Company Isn't Seeking Government Backstop, Clarifying Prior Comment (cnbc.com) 5
OpenAI CFO Sarah Friar said late Wednesday that the AI startup is not seeking a government backstop for its infrastructure commitments, clarifying previous comments she made on stage during the Wall Street Journal's Tech Live event. From a report: At the event, Friar said OpenAI is looking to create an ecosystem of banks, private equity and a federal "backstop" or "guarantee" that could help the company finance its investments in cutting-edge chips. But in a LinkedIn post late Wednesday, Friar softened her stance.
"I used the word 'backstop' and it muddied the point," Friar wrote. "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." OpenAI has inked more than $1.4 trillion of infrastructure deals in recent months to try and build out the data centers it says are needed to meet soaring demand. The agreements have raised questions around how the company can afford to make such massive commitments.
"I used the word 'backstop' and it muddied the point," Friar wrote. "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." OpenAI has inked more than $1.4 trillion of infrastructure deals in recent months to try and build out the data centers it says are needed to meet soaring demand. The agreements have raised questions around how the company can afford to make such massive commitments.
Translation (Score:2)
We don't want to be associated with a fascist regime when the wind changes.
Re:Translation (Score:4, Informative)
More like Oops, I said the quiet part loud and the loud part quiet. [youtube.com]
Re: (Score:2)
Unfortunately I doubt it. Methinks this was floating a trial balloon to get the idea of govt investment/bailout, etc I mean the current administration has already done this with other firms Intel most notably. So the CFO of OpenAI (formerly of NextDoor...how's that stock doing?) is looking at the books and realizing that there is an increasing probability that these stratospheric-valued $500B-$1T contracts within Oracle/OpenAI/NVDIA, etc are likely to collapse at some point. So float the idea of go
From the movie Athur (Score:2)
I took the money. I mean, I'm not crazy.
I bet OpenAI will too.
OpenAI CFO Says Company Isn't Seeking Government (Score:2)