Federal Bailout

White House AI and Crypto Czar David Sacks dismissed the need for a federal bailout for the U.S. AI sector, asserting its inherent resilience. His comments followed discussions triggered by OpenAI’s CFO, who initially mentioned a federal “backstop” for infrastructure investments. Sacks highlighted the Trump administration’s focus on streamlining permitting and enhancing power generation to support AI development. This approach prioritizes market-driven innovation over government subsidies, although some analysts suggest a more nuanced approach considering AI’s strategic importance and global competition.