No. of Recommendations: 5
Speaking of AI....
This is what the CFO of Open AI said, before she started trying to walk it back. Nov 2025:
At the event, Friar said OpenAI is looking to create an ecosystem of banks, private equity and a federal “backstop” or “guarantee” that could help the company finance its investments in cutting-edge chips. But in a LinkedIn post late Wednesday, Friar softened her stance.
“I used the word ‘backstop’ and it muddied the point,” Friar wrote. “As the full clip of my answer shows, I was making the point that American strength in technology will come from building real industrial capacity which requires the private sector and government playing their part.”cnbc.com - Openai CFO sarah friar says company is not seeking government backstopAlso, last November:
Sam Altman Says the Quiet Part: The Government Will Become AI’s Insurer of Last Resort
Altman calls AI too important to fail, highlighting growing national dependence on AI infrastructure across healthcare, defense, and finance.levelfields.ai - Sam altman says the quiet part the government will become ais insurer of last resortBig AI knows it's leveraged out of it's skull. They know the slightest hiccup will bring them crashing down. They have already started laying the groundwork for a government bailout. Hope the Proles will be happy that their AI gods are picking their pockets, due to the "JC's" excesses.
Of course, if the big AI companies are "self-regulating" there is no third party to flag excessive leverage or risk.
Steve
