I don't think this is about the big short guy. The main things with the recent discussion:
Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive.
And the OpenAI CFO Sarah Friar was talking about:
>"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse.
>Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing...
OpenAI say people are taking that out of context and they don't want guarantees for data centers.
A federal guarantee of debt is a subsidy, one with horrendous potential downside. A CEO really shouldn't be so flippant, though I think he knows what he's saying.
Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive.
And the OpenAI CFO Sarah Friar was talking about:
>"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse.
>Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing...
OpenAI say people are taking that out of context and they don't want guarantees for data centers.