Sacks Says OpenAI is Not Too Big to Fail

David Sacks, AI and Crypto Czar, said there will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fails, others will take its place.

OpenAI CFO Sarah Friar said OpenAI wants the U.S. government to provide a backstop or guarantee for AI financing.

Sam Altman believes that the government is the insurer of last resort for AI financing.

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