OpenAI CFO Says Company Isn't Seeking Government Backstop, Clarifying Prior Comment

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.

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