OpenAI walks back statement it wants a government ‘backstop’ for its massive loans — company says government ‘playing its part’ critical for industrial AI capacity increases

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OpenAI’s Chief Financial Officer, Sarah Friar, has walked back claims she made in an interview with the data-analytics-id=”inline-link” href=”https://www.wsj.com/video/openai-wants-federal-backstop-for-new-investments/4F6C864C-7332-448B-A9B4-66C321E60FE7″ target=”_blank” data-url=”https://www.wsj.com/video/openai-wants-federal-backstop-for-new-investments/4F6C864C-7332-448B-A9B4-66C321E60FE7″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>Wall Street Journal. Where she originally said that OpenAI was “looking for an ecosystem,” where various institutions could data-analytics-id=”inline-link” href=”https://www.tomshardware.com/tech-industry/artificial-intelligence/openais-significant-investments-raise-more-questions-than-answers-ceo-sam-altman-remains-tight-lipped-about-how-the-company-will-deliver” data-before-rewrite-localise=”https://www.tomshardware.com/tech-industry/artificial-intelligence/openais-significant-investments-raise-more-questions-than-answers-ceo-sam-altman-remains-tight-lipped-about-how-the-company-will-deliver”>back OpenAI through financing arrangements, like providing a “guarantee,” she’s now said that wasn’t the intention. Instead, Friar says the company wants the US government to “play its part,” in maintaining industrial capacity, she said in data-analytics-id=”inline-link” href=”https://www.linkedin.com/posts/sarah-friar_openai-wants-federal-backstop-for-new-investments-activity-7392049356012507136-wAV7/#” target=”_blank” data-url=”https://www.linkedin.com/posts/sarah-friar_openai-wants-federal-backstop-for-new-investments-activity-7392049356012507136-wAV7/#” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>a post on LinkedIn.

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OpenAI walks back statement it wants a government ‘backstop’ for its massive loans — company says government ‘playing its part’ critical for industrial AI capacity increases


OpenAI’s Chief Financial Officer, Sarah Friar, has walked back claims she made in an interview with the data-analytics-id=”inline-link” href=”https://www.wsj.com/video/openai-wants-federal-backstop-for-new-investments/4F6C864C-7332-448B-A9B4-66C321E60FE7″ target=”_blank” data-url=”https://www.wsj.com/video/openai-wants-federal-backstop-for-new-investments/4F6C864C-7332-448B-A9B4-66C321E60FE7″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>Wall Street Journal. Where she originally said that OpenAI was “looking for an ecosystem,” where various institutions could data-analytics-id=”inline-link” href=”https://www.tomshardware.com/tech-industry/artificial-intelligence/openais-significant-investments-raise-more-questions-than-answers-ceo-sam-altman-remains-tight-lipped-about-how-the-company-will-deliver” data-before-rewrite-localise=”https://www.tomshardware.com/tech-industry/artificial-intelligence/openais-significant-investments-raise-more-questions-than-answers-ceo-sam-altman-remains-tight-lipped-about-how-the-company-will-deliver”>back OpenAI through financing arrangements, like providing a “guarantee,” she’s now said that wasn’t the intention. Instead, Friar says the company wants the US government to “play its part,” in maintaining industrial capacity, she said in data-analytics-id=”inline-link” href=”https://www.linkedin.com/posts/sarah-friar_openai-wants-federal-backstop-for-new-investments-activity-7392049356012507136-wAV7/#” target=”_blank” data-url=”https://www.linkedin.com/posts/sarah-friar_openai-wants-federal-backstop-for-new-investments-activity-7392049356012507136-wAV7/#” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>a post on LinkedIn.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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