Feed: Slashdot
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Title: OpenAI CFO Says Company Isn't Seeking Government Backstop, Clarifying
Prior Comment

Link: https://tech.slashdot.org/story/25/11/06/1654...

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.

Read more of this story at Slashdot.

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