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The chief financial officer of OpenAI has retracted her idea that the US government provide loan guarantees for the ChatGPT-maker’s massive infrastructure expansion, which will cost more than $1 trillion.
CFO Sarah Friar on Monday explained that a government “backstop” could help attract the enormous investment needed for AI computing and infrastructure, given the uncertain lifespan of AI data centers.
Federal loan guarantees would “really drop the cost of the financing,” she explained, enabling OpenAI and its investors to borrow more money at lower…
