OpenAI calms funding fears after backstop remark | JQJO

OpenAI scrambled to calm concerns after CFO Sarah Friar suggested the U.S. could backstop its funding, prompting backlash. She later said “backstop” muddied her point about public and private roles in building capacity. The White House’s AI and crypto czar declared there would be no bailouts, and CEO Sam Altman said OpenAI doesn’t want guarantees. Valued at $500 billion, the company has over $1 trillion in infrastructure commitments over the next decade, expects $20 billion in annualized revenue this year, and is exploring revenue sharing with enterprise customers and advertising.