On November 6th local time, Sam Altman, founder and CEO of OpenAI, the parent company of ChatGPT, stated that the company is not seeking government funding for its data centers. The project provides loan guarantees. He said that if large-scale AI infrastructure investment fails to deliver the expected results, market mechanisms should be used to "correct the course," rather than relying on government bailouts.
This statement comes at a time when investors are increasingly concerned about the return on investment in the AI industry—many technology companies are investing heavily in data centers , chips, and AI infrastructure, but the return on investment has not yet been fully realized.
"OpenAI revenue growth is strong"
Altman posted on the social media platform X that OpenAI expects its annualized revenue to exceed $20 billion by the end of this year and plans to achieve a revenue scale of "hundreds of billions of dollars" by 2030. He added that the company is considering fulfilling its commitment to invest approximately $1.4 trillion in AI infrastructure over the next eight years.
Currently, OpenAI is significantly expanding its data center construction and is collaborating with NVIDIA. (Nvidia) and Advanced Micro Devices Chipmakers like AMD are collaborating to ensure the computing power needed for training large models. Altman stated, "If we mess up and can't fix it, we fail, and other companies continue to serve their customers. The ecosystem and the economy will be fine." He further emphasized, "We feel good given our position. But we could certainly be wrong, and if we are, the market—not the government—will handle it."
At the same time, Altman also mentioned that the company is exploring the "AI cloud" business model—selling computing power as a service to enterprises and individuals. This means that OpenAI is transforming from a model output provider to an infrastructure provider, moving away from traditional cloud computing. Direct competition among industry giants.
Denying rumors of government guarantee
Previously, there were rumors that OpenAI might seek loan guarantees from the U.S. government to support the expansion of its AI data center and semiconductor projects in the United States. Altman denied this, stating that the company has not sought government support and will not rely on public funds to promote the construction of AI infrastructure.
He acknowledged that the company had discussed loan guarantee schemes internally, but only as "one of the potential paths" to expand U.S. chip production capacity, and no formal proposal had been formed. Altman emphasized, "We believe that taxpayers should not pay for data center projects or bad business decisions."
White House Artificial Intelligence Earlier that day, cryptocurrency advisor David Sacks also stated that the United States would not provide federal-level bailouts for the AI industry. He argued that investment and risks in the AI sector should be borne by the market, not by public resources.
(Article source: CBN)
