OpenAI walks back statement it wants a government ‘backstop’ for its massive loans — company says government ‘playing its part’ critical for industrial AI capac

OpenAI walks back statement it wants a government 'backstop' for its massive loans — company says government 'playing its part' critical for industrial AI capac

"Exactly," Friar said. "I think we're seeing that." She went on to praise the US government as understanding how AI is a "strategic asset," and that it was important for competition with China. That was what her LinkedIn post seemed to lean on more as the substantive part of the interview, even if it only appears to be a minor point in the original clip. When Krouse asked if OpenAI was discussing a form of financing guarantee with the White House, Friar deflected, saying, "We're always being brought in by the White House, to give our point of view as an expert on what's happening in the sector."

Almost seeming to cotton on that she'd said something dramatic in the interview, she then said that there was "nothing to announce, nothing that's going on right now."

Elsewhere in the interview, Friar said that OpenAI was not working on an IPO at this time and suggested the market should embrace AI further instead of worrying about a bubble.

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Jon Martindale Freelance Writer Jon Martindale is a contributing writer for Tom's Hardware. For the past 20 years, he's been writing about PC components, emerging technologies, and the latest software advances. His deep and broad journalistic experience gives him unique insights into the most exciting technology trends of today and tomorrow.

Key considerations

  • Investor positioning can change fast
  • Volatility remains possible near catalysts
  • Macro rates and liquidity can dominate flows

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