OpenAI (OPAI.PVT) CEO Sam Altman on Thursday shot down the idea that the company is seeking some kind of government guarantee to protect it against failure.
In a lengthy post on X, Altman denied that OpenAI wants or is seeking government guarantees for its data centers, saying, “We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad decisions or otherwise lose in the market.”
The post came after OpenAI CFO Sarah Friar said that the company is looking for an ecosystem of banks, private equity, and a potential government guarantee that allows the company to finance the chips necessary to power its AI investments during a conversation with WSJ Tech Live on Wednesday.
But in a LinkedIn post, Friar said the use of the word “backstop” in her comments “muddled” her point.
“I was making the point that…
