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Investing.com -- OpenAI CEO Sam Altman clarified Thursday that his company does not seek government guarantees for its data centers, while revealing the AI startup expects to end 2025 with an annualized revenue run rate exceeding $20 billion.
The ChatGPT maker is currently undertaking a massive data center expansion and has secured deals with chipmakers including Nvidia and AMD to power its AI models.
Altman projected the company’s annualized revenue run rate will grow to "hundreds of billions" by 2030, with OpenAI looking at commitments of approximately $1.4 trillion over the next eight years.
"If we screw up and can’t fix it, we should fail, and other companies will continue on doing good work and servicing customers," Altman stated in a post on X. "The ecosystem and economy would be fine."
His comments follow statements from White House AI and crypto czar David Sacks, who earlier Thursday declared there would be no federal bailout for AI as the U.S. works to maintain global leadership in the technology.
Altman addressed concerns about the company’s massive infrastructure investments amid market fears of an AI bubble. "Given our vantage point, we feel good about it. But we of course could be wrong, and the market — not the government — will deal with it if we are," he wrote.
The CEO suggested governments might consider building and owning their own AI infrastructure, creating a "strategic national reserve of computing power" that would benefit the public sector rather than private companies.
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