OpenAI asked Trump admin to expand CHIPS Act tax credit to cover data centers
13 days ago
- #AI Infrastructure
- #Government Policy
- #OpenAI
- OpenAI suggests expanding the Advanced Manufacturing Investment Credit (AMIC) to include AI infrastructure like electrical grid components, AI servers, and data centers.
- The AMIC is a 35% tax credit under the Biden administration’s Chips Act, aimed at lowering costs and accelerating AI development in the US.
- OpenAI calls for faster permitting and environmental reviews for AI projects and a strategic reserve of raw materials like copper and rare earth minerals.
- OpenAI CFO Sarah Friar clarified that the company is not seeking government loan guarantees after initially mentioning 'backstop' in a discussion.
- CEO Sam Altman emphasized that OpenAI does not want government guarantees, advocating against taxpayer bailouts for private companies.
- OpenAI projects over $20 billion in annualized revenue by 2025 and $1.4 trillion in capital commitments over the next eight years.