White House Advisor Rejects AI 'Bailout' Talk After OpenAI Comments
White House AI advisor David Sacks stated "There will be no federal bailout for AI" following an OpenAI executive's remarks.
Sacks Rejects 'Bailout'
White House artificial intelligence and crypto advisor David Sacks publicly refuted the idea of a "federal bailout" for the AI sector. His comments followed a social media controversy sparked by remarks from OpenAI's Chief Financial Officer, Anna Friar.
Speaking at a Wall Street Journal event, Friar suggested she would like the U.S. government to "backstop" OpenAI's infrastructure loans. Sacks responded directly in a post on X, stating: “Buildout not bailout. There will be no federal bailout for AI”.
OpenAI's Clarification
The suggestion of a government guarantee for the AI sector's massive infrastructure spending triggered extensive …
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