OpenAI’s Altman urges U.S. to expand Chips Act tax credit for AI growth

OpenAI CEO Sam Altman on Friday doubled down on the corporate’s ask for the U.S. to expand eligibility for a Chips Act tax credit, because the nation accelerates efforts to safe its place as a worldwide chief in synthetic intelligence.

Altman’s remark follows OpenAI Chief Global Affairs Officer Chris Lehane’s October 27 letter to the White House Office of Science and Technology Policy Director Michael Kratsios in search of an extension of eligibility for the Advanced Manufacturing Investment Credit (AMIC) to AI server manufacturing, AI knowledge facilities and grid elements.

The AMIC is a U.S. federal tax incentive designed to enhance home semiconductor manufacturing.

“We think U.S. re-industrialization across the entire stack — fabs, turbines, transformers, steel, and much more — will help everyone in our industry, and other industries (including us),” Altman stated in a put up on X on Friday.

But the tax credit is “super different than loan guarantees to OpenAI”, Altman stated.

The firm has spoken with the U.S. authorities about the opportunity of federal mortgage ensures to spur building of chip factories within the U.S., however not knowledge facilities, Altman had stated earlier this week.

OpenAI has dedicated to spend $1.4 trillion constructing computational sources over the subsequent eight years, he had stated.

Booming demand for AI fashions and merchandise, together with OpenAI’s extensively used ChatGPT, has prompted main tech corporations to unveil bold plans for constructing extra knowledge facilities and growing superior chips.

David Sacks, the White House AI and crypto czar, nonetheless, had stated there could be no federal bailout for AI.