Senator Elizabeth Warren (D-MA) is pushing OpenAI for assurances it won’t seek a government bailout if it doesn’t turn a profit. In a letter to CEO Sam Altman, Warren says she is concerned that the company is preparing to fall back “on the classic strategy of privatizing profits and socializing losses” amid soaring spending and growing fears of an AI bubble popping.
Warren writes that she is worried OpenAI “has committed to more than a trillion dollars in spending despite not yet turning a profit” and “appears to be seeking government assistance should it prove unable to pay its bills.” The senator, a ranking member on the Senate Committe …
Read the full story at The Verge.
Original Source: https://www.theverge.com/news/869983/elizabeth-warren-openai-sam-altman-bailout-letter
Original Source: https://www.theverge.com/news/869983/elizabeth-warren-openai-sam-altman-bailout-letter
Disclaimer: This article is a reblogged/syndicated piece from a third-party news source. Content is provided for informational purposes only. For the most up-to-date and complete information, please visit the original source. Digital Ground Media does not claim ownership of third-party content and is not responsible for its accuracy or completeness.
