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OpenAI's Altman urges US to expand Chips Act tax credit for AI growth

Daniel Nenni

Admin
Staff member
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(Reuters) -OpenAI CEO Sam Altman on Friday doubled down on the company's ask for the U.S. to expand eligibility for a Chips Act tax credit, as ‌the country accelerates efforts to secure its position as a global leader in artificial intelligence.

Altman's ‌comment 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 seeking an extension of eligibility for the Advanced Manufacturing Investment Credit (AMIC) to ⁠AI server production, ‌AI data centers and grid components.

The AMIC is a U.S. federal tax incentive designed to boost domestic 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 said in a post on X on Friday.

But the tax credit is "super different than loan guarantees to OpenAI", Altman said.

The company has spoken with the U.S. government about the possibility of federal loan guarantees to spur construction of chip factories in the U.S.,⁠ but not data centers, Altman had said earlier this week.

OpenAI has committed to spend $1.4 trillion building computational resources over the next eight years, he had said.

Booming demand for AI models and products,‍ including OpenAI's ⁠widely used ChatGPT, has prompted leading tech companies to unveil ambitious plans for building more data centers and developing advanced chips.

David Sacks, ⁠the White House AI and crypto czar, however, had said there would be ‌no federal bailout for AI.

 
If this guy (Altman) has the $1.4tn to spend he claims to have (and there's booming demand for his company's stuff), might I suggest that no US taxpayer funding is needed !

And if he doesn't, that there might be some trust issues worth investigating before handing over any large taxpayer cheques.
 
It really is nonsense. TSMC builds fabs based on wafer agreements not dreams. The only thing Sam Altman needs to do is sign a wafer agreement if he is worried about getting chips. How does he not understand this?

At least Elon Musk understands this. He signed a $16.5B wafer agreement with Samsung and is rumored to be working with Intel as well. That is how the semiconductor industry works.
 
It really is nonsense. TSMC builds fabs based on wafer agreements not dreams. The only thing Sam Altman needs to do is sign a wafer agreement if he is worried about getting chips. How does he not understand this?

At least Elon Musk understands this. He signed a $16.5B wafer agreement with Samsung and is rumored to be working with Intel as well. That is how the semiconductor industry works.
A big part of why TSMC is expanding in the US is because Apple wanted them to and was willing to pay a bit more to secure its supply chain.

If OpenAI signed a $10-20b wafer agreement you can bet they could get more capacity built in the US.
 
A big part of why TSMC is expanding in the US is because Apple wanted them to and was willing to pay a bit more to secure its supply chain.

If OpenAI signed a $10-20b wafer agreement you can bet they could get more capacity built in the US.

Apple has been shipping TSMC N3 parts for the past two years and will move to TSMC N2 in 2026. TSMC N3 production in AZ will start in 2026, TSMC N2 is scheduled for 2030 in AZ. So how much chip production is Apple really doing in the US?

TSMC AZ is targeted for companies doing N-1 chip production. TSMC AZ is also a brilliant political move. TSMC moving production to the US, Japan, and GE makes the Silicon Shield even stronger, absolutely.
 
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