Is it a good sign or a bad sign that a major player in an emerging industry is actively making multi-billion dollar commitments that have artfully removed the economy from begging for government support, and government representatives are weighing in on it? I want a friend.
Yesterday, CFO’s CFO Sarah Friar made headlines when she first appeared during the appearance of the WALL STREETAL STREET JECTION technology event that she expects to support its large and rapidly growing data center segment. On the same day, there was an interview with SAM Altlen “Tyler” Podcast, he said, “As shown in my expectations that the Government of the economy looks like the last Insurance.”
Now, to the average listener, it would sound like many members of the C-Suite at OpenAi have asked the Federal Government to ensure that they can’t produce anywhere near the money they’re paying or back the big financial promises they’ve made. But, rest assured, they insist that is not what they meant by the words they chose to say.
In a post on LinkedIn, the friar went back “back” the “backstop” that he said “has a point” that he did (continue to ignore asking him “back” back “). Instead, he said that he did not mean to say that “the power of America in technology will come from building real industrial power, which requires that there be private areas and governments that play their role.”
Altman also went into corrections after the speech, saying in the Watch X Post, “we don’t want or want that governments should not favor companies or taxpayers should not make bad business decisions or lose in the market.” Instead, he clarified, “one area where we have discussed loan guarantees is as part of supporting the construction of semiconductor capital in the US, where we and other companies have responded to help,”
So okay, OpenAI certainly didn’t ask for Government money to help it make good on its multiple obligations. Which is good, because at least one government representative said they wouldn’t find it if they asked.
David Sacks, Donald Trump’s AI Czar (who seems to still hold that title despite the 130-day limit on special government employees), took X to mean, “There will be no government bailout for AI.” Instead, the sacks said, “We want to make the approval and approval of energy easier. The goal is to start infrastructure development without rising residential prices of electricity.”
Great, looks like everyone is on the same page! Of course Ouneai is not asking the Federal Government to provide financial guarantees for its seemingly endless sales of data commitments needed to operate in the field of economic growth that can only go belly up. Everything seems to be very normal and at the level here, I’m glad we found that they are all sorted.
