Trump Administration Rules Out AI Backstop Amid OpenAI Uproar

, By Livemint
Trump Administration Rules Out AI Backstop Amid OpenAI Uproar
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Trump administration officials are dismissing the idea of a financial backstop for artificial intelligence companies, US officials said, after comments from a top OpenAI executive raised questions about the prospects for a federal bailout. 

There are no plans for the administration to consider such a move going forward, and the idea is not on the table, the officials said, speaking on condition of anonymity to describe internal thinking. 

The administration’s position marks a fresh signal for the industry of how much the government is willing to…



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Trump Administration Rules Out AI Backstop Amid OpenAI Uproar

, Published By Livemint
Trump Administration Rules Out AI Backstop Amid OpenAI Uproar
Tech


Trump administration officials are dismissing the idea of a financial backstop for artificial intelligence companies, US officials said, after comments from a top OpenAI executive raised questions about the prospects for a federal bailout. 

There are no plans for the administration to consider such a move going forward, and the idea is not on the table, the officials said, speaking on condition of anonymity to describe internal thinking. 

The administration’s position marks a fresh signal for the industry of how much the government is willing to…



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.

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