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There was also some woman (maybe a high up exec, I don't know their full roster) in one of those live audience interviews saying they were looking towards a gov
by Neywiny 1y ago
There was also some woman (maybe a high up exec, I don't know their full roster) in one of those live audience interviews saying they were looking towards a government backstop on the loans. They know they have no way of ponying up 1.4T. That's an insane amount of money. Honestly if more investing and startups were "we have x front-runners, if he dies he dies" I think we'd be in s better spot. Maybe don't invest in capturing-helium-in-a-colander.ai just because it ends in "AI"
- mitthrowaway2 1y agoI think you must mean Sarah Friar, CFO of OpenAI.
- Neywiny 1y agoMost likely. Who better to know their financial status is fried than the CFO
- bpodgursky 1y agoYou can criticize OpenAI for many things but this was blatantly misquoted. They were talking about backstops for chips, to get fabs constructed in the US. If anyone else said this, it would have been considered a great idea, both republicans and democrats talked about the same thing to get TSMC production into the US, but everyone pretended that OpenAI was talking about data centers in this context. They weren't/
- Neywiny 1y agoMy goodness is there a huge difference between TSMC and OpenAI. TSMC moving to the US is a benefit to all US fabless companies and fabless companies that want to do business in any sensitive US industry, and they have an incredible track record as an industry leader. Open AI's chip manufacturing is much more risky and much less payoff. I wouldn't want the government to pay a penny towards it. Especially because an estimated cost for a leading edge chip is maybe $500 million. If they can commit to $1.4T, they can do it on their own. It's almost an omen they don't feel comfortable spending that without a guarantor.