⚡️🇺🇸 NEW - OpenAI is asking the U.…

⚡️🇺🇸 NEW - OpenAI is asking the U.S. government to provide loan guarantees for its infrastructure expansion, which is expected to eventually cost more than $1 trillion.

OpenAI CFO Sarah Friar explained that federal loan guarantees would “really drop the cost of the financing,” allowing OpenAI and its investors to borrow much more money at lower rates.

The proposal would reduce OpenAI’s borrowing costs, as the government would absorb losses if the company defaulted.