> Friar dismissed speculation that OpenAI might soon go public, saying an IPO “is not on the cards right now.”

I thought the whole point of going public was to tap the broader market for liquidity? Maybe they should SPAC lol.

It's interesting because if Trump falls for this, at it fuels an even bigger bubble than is already going and Fed can't lower interest rates, then it will destroy his part in the midterms. If he can't bring down costs and interest rates people are going to freak out, that's clear from the polls. Where most people in the country are at in the moment is a precarious one step away from ruin while watching prices going and interest rates stay. That's not Sam's reality but most people are struggling and if Sam hordes all the resources to him, people are going to revolt.

Not a financial expert but won't this massively inflate prices wherever open spends it? e.g Energy?

It's an admission that they think it's quite likely they go bust. Of course they'll try to put the taxpayer on the hook, without giving much upside back if they succeed.

Is this all part of the sequel to the horse ebooks / bear stearns bravo ARG?

I've been using the gpt-oss 20b parameter model on my laptop and it works great. Doesn't reject giving legal or medical advice either. Obviously not good enough for coding, but seems like 'useful AI assistant for daily life' is in overshoot.

does anyone have the slightest idea on how much open AI is currently earning in terms of revenue per quarter vs how much money they are actually burning per quarter? What is their userbase? 1 billion? What is the upside basically is my question

It would be utterly nonsensical for the US to take this deal. The easy alternative would be to subsidize GPU datacenter buildouts on favorable terms with nvidia/accelerator providers. OpenAI/Anthropic amd everyone else could then competitively bid on access.

I guarantee you that openai would leverage this deal to the gills and come back for more.