Overview
- OpenAI CFO Sarah Friar suggested a federal financing “backstop” for AI infrastructure, then retracted the idea and said the company is not seeking such guarantees.
- CEO Sam Altman stated OpenAI does not want government guarantees for its datacenters and is advocating an expansion of the CHIPS Act’s AMIC to include AI servers, data centers and grid components, a change that would likely require congressional action.
- White House AI coordinator David Sacks said there will be no federal bailout for AI companies, reinforcing that direct guarantees are off the table.
- OpenAI has outlined roughly $1.4 trillion in projected infrastructure spending, while Altman disclosed an expected $20 billion in 2025 revenue with a goal of reaching hundreds of billions annually by 2030.
- Supply pressures deepened as Micron delayed construction of its New York memory fabs until at least 2030 and redirected funds to Idaho, while more than 30 states continue to court data centers with incentives that in some places are being reworked due to grid strain.