Government backstop
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Sam Altman: OpenAI Poised to Exceed $20 Billion in Annual Revenue
OpenAI projects over $20 billion in annualized revenue this year, aiming for hundreds of billions by 2030. CEO Sam Altman emphasizes massive infrastructure expansion to meet AI model demand, with reported deals exceeding $1.4 trillion. CFO Sarah Friar’s suggestion of a potential federal “backstop” for semiconductor investments sparked controversy and was later clarified, with OpenAI asserting they do not seek government guarantees for data centers, relying instead on private sector investment. Analysts highlight the risks and competition in OpenAI’s aggressive expansion strategy.
