EU

EU Cloud Lobby Asks Regulator To Block VMware From Terminating Partner Program (theregister.com) 31

An anonymous reader quotes a report from The Register: A lobbying trade body for smaller cloud providers is asking the European Commission to impose interim measures blocking Broadcom from terminating the VMware Cloud Service Provider program, calling the decision a death sentence for some tech suppliers and an illegal squeeze on customer choice. As The Reg revealed in January, Broadcom shuttered the scheme, a move sources claimed affects hundreds of CSPs across Europe and curtails options for enterprises buying VMware software and services. The Cloud Infrastructure Service Provider in Europe (CISPE) trade group, representing nearly 50 tech suppliers, filed the complaint today with the EC Directorates-General, accusing Broadcom of bully-boy tactics, and calling for authorities to halt what it terms as "ongoing abuse."

Francisco Mingorance, CISPE secretary general, said of the complaint: "Businesses -- both cloud providers and their customers -- are being irreparably damaged by Broadcom's unfair actions, which we believe are illegal. "After imposing outrageous and unjustified price hikes immediately following the acquisition of VMware, Broadcom is now applying the 'coup de grace'. We need urgent intervention to force them to change. The only way to stop bullies is to stand up to them." CISPE claims that, since Broadcom completed its $69 billion takeover of VMware in October 2023, prices have risen tenfold, payment is demanded upfront, products are bundled regardless of customer need, and minimum commitments are based on potential rather than actual consumption.

The VMware Cloud Service Provider (VCSP) program officially closed in January and all transactions must be complete by March 31. After that date, only a select group of suppliers will be able to sell VMware subscriptions -- either standalone or as part of a broader service. Across Europe, we're told this equates to hundreds of businesses losing their authorization. For some, the loss of VCSP status effectively destroys their market. Those whose operations were built around VMware must now hand customers to another authorized supplier or begin the costly migration to an alternative platform.
Broadcom said in a statement responding to the complaint: "Broadcom strongly disagrees with the allegations by CISPE, an organization funded by hyperscalers, which misrepresent the realities of the market. We continue to be committed to investing significantly in our European VMware Cloud Service Provider partners... helping them offer alternatives to the hyperscalers and meet the evolving needs of European businesses and organizations."
Apple

German Publishers Push Regulators To Fine Apple Over App Tracking Transparency (9to5mac.com) 10

German publishers and advertising groups are urging regulators to fine Apple over its App Tracking Transparency (ATT) system, arguing it unfairly restricts access to advertising data while allowing Apple to remain the central gatekeeper -- without subjecting its own apps to the same restrictions. If Germany's antitrust authority does rule against Apple, the company could face fines of up to 10% of its global revenue. 9to5Mac reports: One of the countries investigating whether ATT is anticompetitive is Germany. Last year, in an attempt to appease the country's antitrust watchdog, the company proposed several changes to the framework's rules. From Reuters' original coverage of Apple's changes proposals: "Apple had agreed to introduce neutral consent prompts for both its own services and third-party apps, and to largely align the wording, content and visual design of these messages, said Andreas Mundt, head of Germany's Bundeskartellamt. The company also proposed simplifying the consent process so developers can obtain user permission for advertising-related data processing in a way that complies with data protection law." [...] At the time, German regulators launched a consultation with industry publications to determine whether the proposals addressed their concerns. As it turns out, the answer was a hard no.

As Reuters reported today: "Apple's proposed changes to its app tracking rules do not resolve antitrust issues in the mobile advertising market, associations representing German publishers and advertisers said on Tuesday as they urged the country's antitrust authority to slap a fine on the U.S. tech giant. [...] 'The proposed commitments would not change the negative effects of the App Tracking Transparency Framework,' Bernd Nauen, chief executive of the German Advertising Federation, said in a joint letter signed by the trade bodies. 'Apple would remain the data gatekeeper and would continue to decide who gets access to advertising-relevant data and how companies can communicate with their end customers,' he said."

Government

US Tech Firms Pledge At White House To Bear Costs of Energy For Datacenters (theguardian.com) 62

Major tech companies including Google, Microsoft, Amazon, and Meta pledged at the White House to pay for new power generation and grid upgrades needed to support their rapidly expanding datacenters. The Guardian reports: The agreement is meant to help mitigate concerns that big tech's datacenters are driving up US electricity costs for homes and small businesses at a time the administration of Donald Trump is seeking to curb inflation. "This means that the tech companies and the datacenters will be able to get the electricity they need, all without driving up electricity costs for consumers," the president said at the pledge signing event. "This is a historic win for countless American families and we'll also make our electricity grid stronger and more resilient than ever before."

The so-called "Ratepayer Protection Pledge" was first announced by Trump in his State of the Union address, and comes as communities and state legislators increase scrutiny of rapidly proliferating datacenters. Datacenters consume vast amounts of electricity to run server racks and cooling systems for the development of technologies such as artificial intelligence. "Some datacenters were rejected by communities for that, and now I think it's going to be just the opposite," Trump said, referencing cancelled or postponed projects in recent months across several states after local opposition.

The pledge includes a commitment by technology companies to bring or buy electricity supplies for their datacenters, either from new power plants or existing plants with expanded output capacity. It also includes commitments from big tech to pay for upgrades to power delivery systems and to enter special electricity rate agreements with utilities. The effort is aimed at drawing support from towns and cities that otherwise oppose the projects, said the Trump official, who spoke on the condition of anonymity.

AI

OpenAI Raises $110 Billion in the Largest Private Funding Round Ever (openai.com) 20

OpenAI has closed what is now the largest private financing in history -- a $110 billion round at a $730 billion pre-money valuation that more than doubles the $40 billion raise it completed just a year ago, itself a record for a private tech company at the time.

Amazon invested $50 billion, SoftBank put in $30 billion, and Nvidia committed $30 billion, and additional investors are expected to join as the round progresses. The valuation is a sharp jump from the $500 billion OpenAI commanded in a secondary financing in October, and the round dwarfs recent raises by rivals Anthropic ($30 billion) and xAI ($20 billion).

The company has been telling investors it is now targeting roughly $600 billion in total compute spend by 2030, a more measured figure than the $1.4 trillion in infrastructure commitments CEO Sam Altman had touted months earlier. OpenAI is projecting more than $280 billion in total revenue by 2030, split roughly equally between consumer and enterprise. ChatGPT now has over 900 million weekly active users and more than 50 million paying subscribers.
AI

Anthropic Drops Flagship Safety Pledge (time.com) 81

Anthropic, the AI company that has long positioned itself as the industry's most safety-conscious research lab, is dropping the central commitment of its Responsible Scaling Policy -- a 2023 pledge to never train an AI system unless it could guarantee beforehand that its safety measures were adequate. "We didn't really feel, with the rapid advance of AI, that it made sense for us to make unilateral commitments ... if competitors are blazing ahead," chief science officer Jared Kaplan told TIME.

The overhauled policy, approved unanimously by CEO Dario Amodei and Anthropic's board, instead commits the company to matching or surpassing competitors' safety efforts and to delaying development only if Anthropic considers itself to be leading the AI race and believes catastrophic risks are significant.

The company also plans to publish detailed "Risk Reports" every three to six months and release "Frontier Safety Roadmaps" laying out future safety goals. Chris Painter, director of policy at the AI evaluation nonprofit METR, who reviewed an early draft, told TIME the shift signals that Anthropic "believes it needs to shift into triage mode with its safety plans, because methods to assess and mitigate risk are not keeping up with the pace of capabilities."
XBox (Games)

New Microsoft Gaming CEO Has 'No Tolerance For Bad AI' (variety.com) 58

In her first major interview as Microsoft's new gaming chief, Asha Sharma said that "great games" must deliver emotional resonance and a distinct creative voice, while making clear that she has "no tolerance for bad AI." Stepping in after Phil Spencer's retirement, she's pledging consistency, community trust, and a human-first approach to storytelling as Xbox enters a new era. Variety reports: Sharma was quick in laying out her top priorities for Microsoft Gaming in an internal memo announcing her promotion, noting "great games," "the return of Xbox" and the "future of play" as her three main commitments to the gaming community. So first, what makes a great game for Sharma, whose roles prior to CoreAI include top positions at Instacart and Meta? The new Microsoft Gaming CEO tells Variety it's all about games with "deep emotional resonance" and "a distinct point of view." She wants to develop stories that make players "feel something," like the kind of feelings Campo Santo's 2016 first-person mystery "Firewatch" elicited in her.

Sharma takes on the mantle as head of the leading competitor to Sony's PlayStation and Nintendo knowing full well she's entering the role as an outsider to the larger gaming community and has "a lot to learn" still. But Sharma says she's got a commitment to "being grounded in what the community is telling us." "I'm coming into gaming as a platform builder," Sharma said, adding that her goal is to "earn the right to be trusted by players and developers" and show the fanbase that "consistency" over time. In her interview with Variety, Sharma acknowledged the tumultuous state of the gaming industry, referencing Matthew Ball's recent State of Video Gaming in 2026 report as evidence that the larger "transformation" of the sector is "protecting what we believe in while remaining open-minded about the future."

Due to her strong background in AI, initial reactions to Sharma's appointment have raised concerns about what her specific views are on the use of generative AI in game development. Sharma says her stance is simple: she has "no tolerance for bad AI." "AI has long been part of gaming and will continue to be," Sharma said, noting that gaming needs new "growth engines," but that "great stories are created by humans."

Power

White House Eyes Data Center Agreements Amid Energy Price Spikes (politico.com) 40

An anonymous reader shares a report: The Trump administration wants some of the world's largest technology companies to publicly commit to a new compact governing the rapid expansion of AI data centers, according to two administration officials granted anonymity to discuss private conversations.

A draft of the compact obtained by POLITICO lays out commitments designed to ensure energy-hungry data centers do not raise household electricity prices, strain water supplies or undermine grid reliability, and that the companies driving demand also carry the cost of building new infrastructure.

The proposed pact, which is not final and could be subject to change, is framed as a voluntary agreement between President Donald Trump and major U.S. tech companies and data center developers. It could bind OpenAI, Microsoft, Google, Amazon, Facebook parent Meta and other AI giants to a broad set of energy, water and community principles. None of these companies immediately responded to a request for comment.

Google

Apple and Google Agree To Change App Stores After 'Effective Duopoly' Claim (bbc.com) 21

Apple and Google have agreed to a set of commitments to the UK's Competition and Markets Authority that will prevent them from giving preferential treatment to their own apps and require greater transparency around how third-party apps are approved for sale.

The CMA announced the measures on Tuesday, seven months after it declared that the two companies held an "effective duopoly" over the UK's mobile app ecosystem. Both companies also committed to not using data gathered from third-party developers in ways the regulator deems unfair. The CMA granted both app stores "strategic market status" in October 2025, a designation that gave it the authority to demand changes.

CMA head Sarah Cardell called the commitments "important first steps" and said the regulator would "closely monitor" implementation. Technology analyst Paolo Pescatore described the announcement as a "pragmatic first step" but noted some may see it as "addressing the low-hanging fruit." The UK's app economy is the largest in Europe by revenue and number of developers, generating an estimated 1.5% of the country's GDP.
Businesses

Nvidia CEO Denies OpenAI's $100B Investment from Nvidia is 'Stalled' (msn.com) 19

Saturday Nvidia CEO Jensen Huang said they still planned a "huge" investment in OpenAI, according to CNBC.

Friday the Wall Street Journal had reported that Nvidia's plan to invest up to $100 billion in OpenAI "has stalled after some inside the chip giant expressed doubts about the deal, people familiar with the matter said..." [T]he talks haven't progressed beyond the early stages, some of the people said. Now, the two sides are rethinking the future of their partnership, some of the people said. The latest discussions, they said, include an equity investment of tens of billions of dollars as part of OpenAI's current funding round. Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was nonbinding and not finalized, people familiar with the matter said. He has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Google and Anthropic, some of the people said...

OpenAI is laying the foundation to go public by the end of 2026, and has spent much of the past year racing to secure large amounts of computing capacity to help power OpenAI's future products and growth. The stalled Nvidia pact is a blow to this effort and shows how Chief Executive Sam Altman's penchant for announcing flashy big-ticket deals carries the potential to backfire if the terms have yet to be finalized. In a joint announcement unveiling the September deal with Altman and OpenAI President Greg Brockman, Huang called the deal "the largest computing project in history...." OpenAI went on to sign a string of other agreements with chip and cloud companies that helped fuel a global stock market rally.

But investors have since grown jittery about the startup's ability to pay for these deals, leading to a sell-off in some tech stocks tied to OpenAI. Altman has said that the deals put the startup on the hook for $1.4 trillion in computing commitments — more than 100 times the revenue it was on pace to generate last year. OpenAI executives say the total commitments are lower when you account for overlap in some of the deals, and that the agreements will take place over a long period of time.... Huang has indicated to associates that he still believes it's crucially important to provide OpenAI with financial support in one form or another, in part because OpenAI is one of the chip designer's largest customers, people familiar with the matter said. If OpenAI were to fall behind other AI developers, it could dent Nvidia's sales.

"Speaking to reporters in Taipei, Huang said it was 'nonsense' to say he was unhappy with OpenAI," CNBC reported Saturday: "We are going to make a huge investment in OpenAI. I believe in OpenAI, the work that they do is incredible, they are one of the most consequential companies of our time and I really love working with Sam," he said, referring to OpenAI CEO Sam Altman. "Sam is closing the round (of investment) and we will absolutely be involved," Huang added. "We will invest a great deal of money, probably the largest investment we've ever made."

Asked whether it would be over $100 billion, he said: "No, no, nothing like that."

Elsewhere the Journal has reported that Amazon is in talks to invest up to $50 billion in OpenAI. Thanks to Slashdot reader sinij for sharing the article.
EU

Hundreds Answer Europe's 'Public Call for Evidence' on an Open Digital Ecosystem Strategy (helpnetsecurity.com) 30

The European Commission "has opened a public call for evidence on European open digital ecosystems," writes Help Net Security, part of preparations for an upcoming Communication "that will examine the role of open source in EU's digital infrastructure." The consultation runs from January 6 to February 3, 2026. Submissions will be used to shape a Commission Communication addressed to the European Parliament, the Council, and other EU bodies, which is scheduled for publication in the first quarter of 2026... The call for evidence links Europe's reliance on digital technologies developed outside the EU to concerns over long term control of infrastructure and software supply chains... Open digital ecosystems are discussed in the context of technological sovereignty and the use of technologies that can be inspected, adapted, and shared.
Long-time Slashdot reader Elektroschock describes it as the European Commission "stepping up its efforts behind open-source software" Building on President von der Leyen's political guidelines, the initiative will review the Commission's 2020-2023 open-source approach and set out concrete actions to strengthen Europe's open-source ecosystem across key areas such as cloud, AI, cybersecurity and industrial technologies. The strategy will be presented alongside the upcoming Cloud and AI Development Act, forming a broader policy package aimed at reducing strategic dependencies and boosting Europe's digital resilience.
And "In just a few days, over 370 submissions have already been filed, indicating that the issue is touching a nerve across the EU," writes CyberNews.com: "Europe must regain control over its software supply chain to safeguard freedom, security, and innovation," suggests an individual from Slovakia. Similar perspectives appear to be widely shared among respondents...

The document doesn't mention US tech giants specifically, but rather aims to support tech sovereignty and seek "digital solutions that are valid alternatives to proprietary ones...."

"This is not a legislative initiative. The strategy will take the form of a Commission communication. The initiative will set out a general approach and will propose: actions relying on further commitments and an implementation process," the EC explains. Policymakers expect the strategy to help EU member states identify the necessary steps to support national open-source companies and communities.

AI

Ads Are Coming To ChatGPT in the Coming Weeks (openai.com) 84

OpenAI said Friday that it will begin testing ads on ChatGPT in the coming weeks, as the $500 billion startup seeks new revenue streams to fund its continued expansion and compete against rivals Google and Anthropic. The company had previously resisted embedding ads into its chatbot, citing concerns that doing so could undermine the trustworthiness and objectivity of responses.

The ads will appear at the bottom of ChatGPT answers on the free tier and the $8-per-month ChatGPT Go subscription in the U.S., showing only when relevant to the user's query. Pro, Business, and Enterprise subscriptions will remain ad-free. OpenAI expects to generate "low billions" of dollars from advertising in 2026, FT reported, and more in subsequent years. The revenue is intended to help fund roughly $1.4 trillion in computing commitments over the next decade. The company said it will not show ads to users under 18 or near sensitive topics like health, mental health, or politics.
Power

Trump Says Microsoft To Make Changes To Curb Data Center Power Costs For Americans (cnbc.com) 42

An anonymous reader quotes a report from CNBC: President Donald Trump said in a social media post on Monday that Microsoft will announce changes to ensure that Americans won't see rising utility bills as the company builds more data centers to meet rising artificial intelligence demand. "I never want Americans to pay higher Electricity bills because of Data Centers," Trump wrote on Truth Social. "Therefore, my Administration is working with major American Technology Companies to secure their commitment to the American People, and we will have much to announce in the coming weeks."

[...] Trump congratulated Microsoft on its efforts to keep prices in check, suggesting that other companies will make similar commitments. "First up is Microsoft, who my team has been working with, and which will make major changes beginning this week to ensure that Americans don't 'pick up the tab' for their POWER consumption, in the form of paying higher Utility bills," Trump wrote on Monday. Utilities charged U.S. consumers 6% more for electricity in August from a year earlier, including in states with many data centers, CNBC reported in November.

Microsoft is paying close to attention to the impact of its data centers on local residents. "I just want you to know we are doing everything we can, and I believe we're succeeding, in managing this issue well, so that you all don't have to pay more for electricity because of our presence," Brad Smith, the company's president and vice chair, said at a September town hall meeting in Wisconsin, where Microsoft is building an AI data center. While Microsoft is moving forward with some facilities, the company withdrew plans for a data center in Caledonia, Wisconsin, amid loud opposition to its efforts there. The project would would have been located 20 miles away from a data center in the village of Mount Pleasant.

Science

Malaria Shows No Sign of Stopping (bloomberg.com) 82

The World Health Organization's latest annual malaria report paints a grim picture that's about to get grimmer, as the United States -- which has supplied 37% of global malaria funding since 2010 -- pulls back its international health commitments under President Donald Trump. Malaria cases have been climbing since 2015, when progress against the mosquito-borne disease stalled due to insecticide resistance and chronic underfunding.

In 2024, the world recorded 282 million cases and 610,000 deaths, and African countries accounted for 95% of both figures. Children under 5 made up 75% of malaria-related deaths in Africa. Global spending on malaria reached $3.9 billion last year.

Trump's decision to slash international public health funding and gut the US Agency for International Development has caused what the WHO calls "widespread disruption to health operations around the world." The burden of these setbacks, the organization adds, is expected to fall disproportionately on children. Seventeen countries now offer malaria vaccines to younger populations, up from three countries the year before, but funding constraints mean many countries still can't provide the shots.
Robotics

Roomba Maker 'iRobot' Files for Bankruptcy After 35 Years (msn.com) 100

Roomba manufacturer iRobot filed for bankruptcy today, reports Bloomberg.

After 35 years, iRobot reached a "restructuring support agrement that will hand control of the consumer robot maker to Shenzhen PICEA Robotics Co, its main supplier and lender, and Santrum Hong Kong Compny." Under the restructuring, vacuum cleaner maker Shenzhen PICEA will receive the entire equity stake in the reorganised company... The plan will allow the debtor to remain as a going concern and continue to meet its commitments to employees and make timely payments in full to vendors and other creditors for amounts owed throughout the court-supervised process, according to an iRobot statement... he company warned of potential bankruptcy in December after years of declining earnings.
Roomba says it's sold over 50 million robots, the article points out, but earnings "began to decline since 2021 due to supply chain headwinds and increased competition.

"A hoped-for by acquisition by Amazon.com in 2023 collapsed over regulatory concerns."
Television

Paramount Skydance Launches Hostile Bid For WBD After Netflix Wins Bidding War (cnbc.com) 66

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. CNBC: Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, according to people familiar with the bid who asked not to be named because the details were private. The offer is backstopped with equity financing from the Ellison family and the private-equity firm RedBird Capital and $54 billion of debt commitments from Bank of America, Citi and Apollo Global Management.

"We're really here to finish what we started," Ellison told CNBC's "Squawk on the Street" Monday. "We put the company in play." On Friday, Netflix announced a deal to acquire WBD's studio and streaming assets for $72 billion. David Ellison-run Paramount had been bidding for the entirety of Warner Bros. Discovery, including those assets and the company's TV networks like CNN and TNT Sports.

The Almighty Buck

Michael and Susan Dell Donate $6.25 Billion To Encourage Families To Claim 'Trump Accounts' (apnews.com) 163

Michael and Susan Dell pledged $6.25 billion to boost participation in the new "Trump Accounts" child investment program. "The historic gift has little precedent, with few single charitable commitments in the past 25 years exceeding $1 billion, much less multiple billions," notes the Associated Press. "Announced on GivingTuesday, the Dells believe it's the largest single private commitment made to U.S. children." From the report: Its structure is also unusual. Essentially, it builds on the "Trump Accounts" program (PDF), where the U.S. Department of the Treasury will deposit $1,000 into investment accounts set up by Treasury for American children born between Jan. 1, 2025 and Dec. 31, 2028. The Dells' gift will use the "Trump Accounts" infrastructure to give $250 to each qualified child under 10. Though the "Trump Accounts" became law as part of the president's signature legislation in July, the Dells say the accounts will not launch until July 4, 2026. Michael Dell said they wanted to mark the 250th anniversary of U.S. independence.

[...] Under the new law, "Trump Accounts" are available to any American child under 18 with a Social Security number and their families can fund the accounts, which must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business. The Dells will put money into the accounts of children 10 and younger who live in ZIP codes with a median family income of $150,000 or less and who won't get the $1,000 seed money from the Treasury. The Dells hope their gift will encourage families to claim the accounts and deposit more money into it, even small amounts, so it will grow over time along with the stock market.
The report notes that the timed rollout of the $1,000 deposits gives Republicans a strategic political advantage by delivering money to voters during the 2026 midterms and halting the benefit right after the 2028 presidential election.
The Almighty Buck

OpenAI Needs At Least $207 Billion By 2030 Just To Keep Losing Money, HSBC Estimates (ft.com) 83

OpenAI will need to raise at least $207 billion in new funding by 2030 to sustain operations while continuing to lose money, according to a new analysis from HSBC that models the company's cloud computing commitments against projected revenue. The bank's US software team updated its forecasts after OpenAI announced a $250 billion cloud compute rental deal with Microsoft in late October and a $38 billion deal with Amazon days later, bringing total contracted compute capacity to 36 gigawatts.

HSBC projects cumulative rental costs of $792 billion through 2030. Revenue growth remains strong in the model -- the bank expects OpenAI to reach 3 billion users by decade's end, up from roughly 800 million today -- but costs rise in lockstep, meaning OpenAI will still be subsidizing users well into the next decade. If revenue growth disappoints and investors turn cautious, the company's best option might be walking away from some data center commitments.
Power

Meta Enters Power Trading To Support Its AI Energy Needs (bloomberg.com) 12

Meta is venturing into the complex world of electricity trading, betting it can accelerate the construction of new US power plants that are vital to its AI ambitions. From a report: The foray into power trading comes after Meta heard from investors and plant developers that too few power buyers were willing to make the early, long-term commitments required to spur investment, according to Urvi Parekh, the company's head of global energy. Trading electricity will give the company the flexibility to enter more of those longer contracts.

Plant developers "want to know that the consumers of power are willing to put skin in the game," Parekh said in an interview. "Without Meta taking a more active voice in the need to expand the amount of power that's on the system, it's not happening as quickly as we would like."

AI

Trump AI Czar Says 'No Federal Bailout For AI' After OpenAI CFO's Comments (cnbc.com) 78

Venture capitalist David Sacks, who is serving as President Donald Trump's AI and crypto czar, said Thursday that there will be "no federal bailout for AI." From a report: "The U.S. has at least 5 major frontier model companies. If one fails, others will take its place," Sacks wrote in a post on X. Sacks' comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants to establish an ecosystem of private equity, banks and a federal "backstop" or "guarantee" that could help the company finance its infrastructure investments.

She softened her stance later in a LinkedIn post and said OpenAI is not seeking a government backstop for its infrastructure commitments. She said her use of the word "backstop" clouded her point. [...] Sacks said the Trump administration does want to make permitting and power generation easier, and that the goal is to facilitate rapid infrastructure buildouts without raising residential electricity rates. "To give benefit of the doubt, I don't think anyone was actually asking for a bailout. (That would be ridiculous.)," he wrote.

Technology

OpenAI CFO Says Company Isn't Seeking Government Backstop, Clarifying Prior Comment (cnbc.com) 5

OpenAI CFO Sarah Friar said late Wednesday that the AI startup is not seeking a government backstop for its infrastructure commitments, clarifying previous comments she made on stage during the Wall Street Journal's Tech Live event. From a report: At the event, Friar said OpenAI is looking to create an ecosystem of banks, private equity and a federal "backstop" or "guarantee" that could help the company finance its investments in cutting-edge chips. But in a LinkedIn post late Wednesday, Friar softened her stance.

"I used the word 'backstop' and it muddied the point," Friar wrote. "As the full clip of my answer shows, I was making the point that American strength in technology will come from building real industrial capacity which requires the private sector and government playing their part." OpenAI has inked more than $1.4 trillion of infrastructure deals in recent months to try and build out the data centers it says are needed to meet soaring demand. The agreements have raised questions around how the company can afford to make such massive commitments.

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