PANews reported on November 7th that OpenAI founder Sam Altman stated on Thursday that he does not want his data centers to receive "government guarantees," and expects annualized revenue to exceed $20 billion by the end of this year and grow to 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. These remarks come amid investor concerns about an AI bubble and questioning the return on investment in the hundreds of billions of dollars of AI expansion. He addressed the claim that the federal government would not intervene if large-scale AI infrastructure did not produce the expected results. He said, "If we mess up and can't fix it, we fail, and other companies will continue to do their jobs and serve their customers. The ecosystem and the economy will be fine. We feel good considering we're in a good position. But of course we could be wrong, and if we are, the market—not the government—will handle it."PANews reported on November 7th that OpenAI founder Sam Altman stated on Thursday that he does not want his data centers to receive "government guarantees," and expects annualized revenue to exceed $20 billion by the end of this year and grow to 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. These remarks come amid investor concerns about an AI bubble and questioning the return on investment in the hundreds of billions of dollars of AI expansion. He addressed the claim that the federal government would not intervene if large-scale AI infrastructure did not produce the expected results. He said, "If we mess up and can't fix it, we fail, and other companies will continue to do their jobs and serve their customers. The ecosystem and the economy will be fine. We feel good considering we're in a good position. But of course we could be wrong, and if we are, the market—not the government—will handle it."
OpenAI CEO: Does not want its data centers to receive "government guarantees," expects annualized revenue to exceed $20 billion by the end of this year.
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PANews reported on November 7th that OpenAI founder Sam Altman stated on Thursday that he does not want his data centers to receive "government guarantees," and expects annualized revenue to exceed $20 billion by the end of this year and grow to 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. These remarks come amid investor concerns about an AI bubble and questioning the return on investment in the hundreds of billions of dollars of AI expansion. He addressed the claim that the federal government would not intervene if large-scale AI infrastructure did not produce the expected results. He said, "If we mess up and can't fix it, we fail, and other companies will continue to do their jobs and serve their customers. The ecosystem and the economy will be fine. We feel good considering we're in a good position. But of course we could be wrong, and if we are, the market—not the government—will handle it."
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