OpenAI Retracts 'Government Backstop' Remarks as Washington Rules Out Bailout
Deep News
Nov 07
After detailing its $200 billion annual recurring revenue and $1.4 trillion data center commitments, OpenAI walked back its CFO's comments about potential federal "backstop" support. The White House AI lead clarified no federal bailout would be provided, impacting market sentiment for partners like Microsoft (MSFT) and suppliers such as NVIDIA (NVDA).
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