OpenAI asks U.S. to expand CHIPS Act tax credit to cover AI infrastructure despite firm’s denial wanting a government ‘backstop’ for its massive loans

Share via:


OpenAI has asked the Trump administration to expand a major CHIPS Act tax credit to support the build-out of AI infrastructure, including servers, data centers, and power systems. The company submitted the proposal in October as part of the Office of Science and Technology Policy’s public consultation on long-term AI policy, according to a policy document posted online by OpenAI.

At issue is the Advanced Manufacturing Investment Credit (AMIC), a 25% investment tax credit created under Section 48D of…



Source link

Disclaimer

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.

Popular

More Like this

OpenAI asks U.S. to expand CHIPS Act tax credit to cover AI infrastructure despite firm’s denial wanting a government ‘backstop’ for its massive loans


OpenAI has asked the Trump administration to expand a major CHIPS Act tax credit to support the build-out of AI infrastructure, including servers, data centers, and power systems. The company submitted the proposal in October as part of the Office of Science and Technology Policy’s public consultation on long-term AI policy, according to a policy document posted online by OpenAI.

At issue is the Advanced Manufacturing Investment Credit (AMIC), a 25% investment tax credit created under Section 48D of…



Source link

Disclaimer

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

The lovable, the creepy and the utterly confusing

CES always has its share of attention-grabbing robots. But...

Why Google Gemini’s New Walmart Deal Puts Pressure on...

Google Gemini has secured a new partnership with Walmart,...

Popular

iptv iptv iptv