Sam Altman backs away from OpenAI's statements about possible U.S. gov't AI industry bailouts — company continues to lobby for financial support from the industry

Yet again, companies supposedly worth billions of dollars need their socialist handouts and free money.

If its such a vital technology it will pay for its self

The original confusion stemmed from remarks made by CFO Sarah Friar, who said at a Bloomberg event that a federal “backstop” could help unlock investment for future data center expansion. Those comments, widely interpreted as a request for taxpayer guarantees, drew scrutiny given the scale of AI server costs and energy requirements.

So basically, the company's Chief Financial Officer explicitly stated that if the government took over the risk of loss, the company could get more money from investors who would then have nothing to lose. In other words, she was hoping for a preemptive guarantee of a bailout. Doesn't seem to me that there was any "confusion" or misunderstanding. OpenAI wants taxpayers to bear the risk of loss, while keeping profits for itself.

Altman is a walking meme

Bitch you literally just bought half the world's RAM supply. The fuck did you even need a bailout for in the first place?

AGI is just around the corner bro.

The Financials are stable bro.

Just invest a few more billion bro.

Stealing the work of writers and artists isn’t enough?

So they are talking about bailouts already? Ahh, the good old 'privatize winnings, socialize losses' again.

Why would they need bailouts or subsidies when they are currently pulling in billions in private investments?

This is such a bad sign.

These lazy wellfare-queen corporations need to be checked!

The wealth will trickle upwards.

Translation: AI isn't a bubble.

Did he steal my self-confidence?