Openai Asked Trump Administration To Expand Chips Act Tax Credit To Cover Data Centers

A recent letter from OpenAI reveals much specifications astir really nan institution is hoping nan national authorities tin support nan company’s eager plans for information halfway construction.

The missive — from OpenAI’s main world affairs serviceman Chris Lehane and addressed to nan White House’s head of subject and exertion argumentation Michael Kratsios — based on that nan authorities should see expanding the Advanced Manufacturing Investment Credit (AMIC) beyond semiconductor fabrication to screen electrical grid components, AI servers, and AI information centers.

The AMIC is a 35% taxation credit that was included successful nan Biden administration’s Chips Act.

“Broadening sum of nan AMIC will little nan effective costs of capital, de-risk early investment, and unlock backstage superior to thief alleviate bottlenecks and accelerate nan AI build successful nan US,” Lehane wrote.

OpenAI’s missive besides called for nan authorities to accelerate nan permitting and biology reappraisal process for these projects, and to create a strategical reserve of earthy materials — specified arsenic copper, alumimum, and processed uncommon world minerals — needed to build AI infrastructure.

The institution first published its letter connected October 27, but it didn’t get overmuch property attraction until this week, erstwhile comments by OpenAI executives prompted broader chat astir what nan institution wants from nan Trump administration.

At a Wall Street Journal arena connected Wednesday, CFO Sarah Friar said nan authorities should “backstop” OpenAI’s infrastructure loans, though she later posted connected LinkedIn that she misspoke:  “OpenAI is not seeking a authorities backstop for our infrastructure commitments. I utilized nan connection ‘backstop’ and it muddied nan point.”

CEO Sam Altman besides weighed in, penning that OpenAI does not “have aliases want authorities guarantees for OpenAI datacenters.”

“We judge that governments should not prime winners aliases losers, and that taxpayers should not bail retired companies that make bad business decisions aliases different suffer successful nan market,” he wrote, though he said nan institution had discussed indebtedness guarantees “as portion of supporting nan buildout of semiconductor fabs successful nan US.”

In nan aforesaid post, Altman wrote that nan institution expects to extremity 2025 “above $20 cardinal successful annualized gross tally complaint and turn to hundreds of cardinal by 2030,” and he said OpenAI has made $1.4 trillion successful superior commitments for nan adjacent 8 years.