David Sacks, President Donald Trump’s AI and crypto czar, has affirmed that there will be no federal bailout for AI companies. His comments come after OpenAI’s CFO set off a firestorm of debate by calling for federal “backstops” on loans to build AI data centers. The executive then walked back her comments, but Sacks definitely ruled out the idea.

CNBC reports that David Sacks, the White House AI and Crypto Czar under President Donald Trump, has made it unequivocally clear that the federal government will not be providing bailouts for AI companies.

Sacks’ comments came in response to remarks made by OpenAI CFO Sarah Friar during a conference on Wednesday. Friar discussed the possibility of establishing an ecosystem that includes private equity, banks, and a federal “backstop” or “gua

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