AI developers ask $1 trillion from US governement

ChatGPT developers have asked the U.S. government for loan guarantees to significantly expand the infrastructure, which will cost more than $1 trillion, according to Barrons.

Sarah Friar, chief financial officer of OpenAI, explained that government support could attract the necessary investments for AI computing infrastructure, given the uncertain life of data centers. Such guarantees would also significantly expand the range of potential creditors, as many banks and financial institutions face strict restrictions on risky loans.

Well, here‘s the source of funding for this entire AI boom – the US government, which is already deeply in debt! How much news have we seen about this already, starting with Oracle. But it turned out that there was no money, the king was naked!