OpenAI’s Altman says doesn’t have, want government guarantees for data centers

Sam Altman, the CEO of Microsoft (MSFT)-backed OpenAI, says the company doesn’t have or want government guarantees for data centers and expects to fund investments with revenues hitting “hundreds of billions by 2030.” “We do not have or want government guarantees for OpenAI data centers,” Altman wrote in a post on X, formerly Twitter. “Taxpayers should not bail out companies that make bad business decisions or otherwise lose in the market.” Altman says OpenAI has only had discussions about “loan guarantees” about building semiconductor fabrication plants in the U.S., “where we and other companies have responded to the government’s call.” While the U.S. Chips Act set aside $39B in grants, $75B worth of loans and loan guarantees, and 25% tax credits to spur investment in semiconductor factories in the U.S., Altman added that “We did not formally apply.”