OpenAI Denies Government Guarantees, Seeks Revenue Solutions

OpenAI CEO Sam Altman refutes government guarantees for financial protection, clarifying that the company is exploring loan guarantees for semiconductor manufacturing facilities. Altman emphasizes the need for both private and public sectors to build Americas technological industrial capacity. OpenAI has commitments of $1.4 trillion over eight years but expects a $20 billion annualized revenue run rate, highlighting the immense costs of advanced AI development. The company is exploring selling computing capacity and potentially raising more capital. Analysts question how AI firms will generate enough revenue to cover these expenses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.