• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
OpenAI's Bold Refusal of Government Bailouts Amidst $14 Trillion Challenge

OpenAI's Bold Refusal of Government Bailouts Amidst $14 Trillion Challenge

user avatar

by Nguyen Van Long

2 hours ago

In a significant declaration, OpenAI's CEO Sam Altman has taken a firm stance against seeking government bailouts, despite the company's projected infrastructure costs reaching a staggering $14 trillion over the next eight years. As enthusiastically stated in the publication, this decision highlights a growing trend in the tech industry towards self-reliance and corporate accountability.

Altman's Stance on Government-Backed Loans

Altman's announcement follows comments from CFO Sarah Friar, who had suggested that government-backed loans could provide a pathway to more affordable financing. However, Altman countered this notion, asserting that the risks of corporate failures should not fall on taxpayers. He emphasized the necessity of fostering market competition, which he believes is essential for the sustainable growth of the AI sector.

Support from Industry Figures

This position has garnered support from notable industry figures, including

  • David Sacks
who echo Altman's sentiment that the AI industry should develop independently of federal assistance. Altman's resolute stance not only underscores a commitment to corporate responsibility but also signals a pivotal moment in the ethical landscape of the AI industry, advocating for innovation without the safety net of government support.

This week, discussions around federal support for AI companies intensified, coinciding with former President Trump's renewed calls to end the filibuster. This contrasts with OpenAI's CEO Sam Altman's firm stance against government bailouts. For more details, see federal support.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sonami Releases Presale Roadmap and Tokenomics

chest

Sonami SNMI has released its presale roadmap and tokenomics, raising over 2 million with a total supply of 82,999,999,999 SNMI tokens, focusing on transparency and future utility.

user avatarSon Min-ho

Noomez NNZ Unveils Innovative Presale Structure with Rewards

chest

The Noomez NNZ presale features a unique structure with stages, rewards, and a transparent tokenomics model.

user avatarRajesh Kumar

Massive 252 Million USDC Burned: Implications for Crypto Stability

chest

A significant 252 million USDC has been burned at the USDC Treasury, impacting the crypto market dynamics.

user avatarLuis Flores

Whale Invests 800,000 USDT in USDX Amidst Peg Challenges

chest

A whale trader invested 800,000 USDT in USDX after a significant drop in its value, aiming for arbitrage profits and highlighting vulnerabilities in stablecoin mechanisms.

user avatarMiguel Rodriguez

Hong Kong Authorities Charge Influencers Linked to JPEX

chest

Hong Kong authorities have charged several influencers for promoting the defunct crypto exchange JPEX without proper licensing.

user avatarDavid Robinson

Philippine Senate Advances Blockchain Bill for Transparency

chest

A Senate committee in the Philippines has completed deliberations on the CADENA Act, which mandates government agencies to publish budget documents on a blockchain to enhance transparency and combat corruption.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.