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OpenAI asked Trump administration to expand Chips Act tax credit to cover data centers | TechCrunch

OpenAI asked Trump administration to expand Chips Act tax credit to cover data centers | TechCrunch

A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction.

The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that the government should consider expanding the Advanced Manufacturing Investment Credit (AMIC) beyond semiconductor fabrication to cover electrical grid components, AI servers, and AI data centers.

The AMIC is a 35% tax credit that was included in the Biden administration’s Chips Act.

“Broadening coverage of the AMIC will lower the effective cost of capital, de-risk early investment, and unlock private capital to help alleviate bottlenecks and accelerate the AI build in the US,” Lehane wrote.

OpenAI’s letter also called for the government to accelerate the permitting and environmental review process for these projects, and to create a strategic reserve of raw materials — such as copper, alumimum, and processed rare earth minerals — needed to build AI infrastructure.

The company first published its letter on October 27, but it didn’t get much press attention until this week, when comments by OpenAI executives prompted broader discussion about what the company wants from the Trump administration.

At a Wall Street Journal event on Wednesday, CFO Sarah Friar said the government should “backstop” OpenAI’s infrastructure loans, though she later posted on LinkedIn that she misspoke:  “OpenAI is not seeking a government backstop for our infrastructure commitments. I used the word ‘backstop’ and it muddied the point.”

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CEO Sam Altman also weighed in, writing that OpenAI does not “have or want government guarantees for OpenAI datacenters.”

“We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad business decisions or otherwise lose in the market,” he wrote, though he said the company had discussed loan guarantees “as part of supporting the buildout of semiconductor fabs in the US.”

In the same post, Altman wrote that the company expects to end 2025 “above $20 billion in annualized revenue run rate and grow to hundreds of billion by 2030,” and he said OpenAI has made $1.4 trillion in capital commitments for the next eight years.

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#OpenAI #asked #Trump #administration #expand #Chips #Act #tax #credit #cover #data #centers #TechCrunch

Thanks to BTS member J-Hope, we now have our first look at Samsung’s Galaxy Z Fold 8 Wide in the wild, ahead of the July 22 Galaxy Unpacked event.

According to a report from 9to5Google’s Ben Schoon, the singer was filmed using the device during soundcheck footage at a BTS World Tour stop in Paris, with the compiled clips circulating on X. The footage shows J-Hope holding and filming with the device from both front and back angles. The device in the video matches leaked renders of the new wide version of the Galaxy Z Fold 8, which is expected to go head-to-head with the iPhone Ultra Fold later this year.

The clips show a purple finish, though the phone isn’t shown unfolded, leaving its inner display still unseen. Samsung maintains a marketing partnership with BTS, and 9to5Google suggested the phone was likely supplied to J-Hope through that relationship rather than as an intentional early reveal.

The device is widely expected to carry the Galaxy Z Fold 8 name, though as we’ve noted, the branding may cause confusion. This version reportedly isn’t a direct successor to last year’s Z Fold 7, with that role instead going to a separate Z Fold 8 Ultra.

In our guide to Galaxy Z Fold 8 Wide leaks, the reported specs point to a 5.5-inch external display, 7.6-inch internal display, Snapdragon 8 Elite Gen 5 chipset, 12GB RAM, and a 4,800mAh battery, alongside a camera setup: 50MP wide, 50MP ultrawide, dual 10MP selfie. This marks a step down from the Z Fold 7’s 200MP main sensor.

Samsung is set to formally unveil the device alongside the Z Fold 8 Ultra, Galaxy Z Flip 8, and new smartwatches at the July 22 Galaxy Unpacked event in London.

Mashable will be at Samsung’s London event, so check back on Wednesday for our live blog and the latest Galaxy Unpacked news.

#wide #Galaxy #Fold #revealed #BTS #member #JHope">The new, wide Galaxy Z Fold 8 revealed by BTS member J-Hope
                                                            Thanks to BTS member J-Hope, we now have our first look at Samsung’s Galaxy Z Fold 8 Wide in the wild, ahead of the July 22 Galaxy Unpacked event.According to a report from 9to5Google’s Ben Schoon, the singer was filmed using the device during soundcheck footage at a BTS World Tour stop in Paris, with the compiled clips circulating on X. The footage shows J-Hope holding and filming with the device from both front and back angles. The device in the video matches leaked renders of the new wide version of the Galaxy Z Fold 8, which is expected to go head-to-head with the iPhone Ultra Fold later this year.
    
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The clips show a purple finish, though the phone isn’t shown unfolded, leaving its inner display still unseen. Samsung maintains a marketing partnership with BTS, and 9to5Google suggested the phone was likely supplied to J-Hope through that relationship rather than as an intentional early reveal.
        
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The device is widely expected to carry the Galaxy Z Fold 8 name, though as we’ve noted, the branding may cause confusion. This version reportedly isn’t a direct successor to last year’s Z Fold 7, with that role instead going to a separate Z Fold 8 Ultra.In our guide to Galaxy Z Fold 8 Wide leaks, the reported specs point to a 5.5-inch external display, 7.6-inch internal display, Snapdragon 8 Elite Gen 5 chipset, 12GB RAM, and a 4,800mAh battery, alongside a camera setup: 50MP wide, 50MP ultrawide, dual 10MP selfie. This marks a step down from the Z Fold 7’s 200MP main sensor.
Samsung is set to formally unveil the device alongside the Z Fold 8 Ultra, Galaxy Z Flip 8, and new smartwatches at the July 22 Galaxy Unpacked event in London.
        SEE ALSO:
        
            Samsung Galaxy Watch Ultra 2 leaks, see the sleek new wearable
            
        
    
Mashable will be at Samsung’s London event, so check back on Wednesday for our live blog and the latest Galaxy Unpacked news.

                    
                                            
                            
                        
                                    #wide #Galaxy #Fold #revealed #BTS #member #JHope

BTS member J-Hope, we now have our first look at Samsung’s Galaxy Z Fold 8 Wide in the wild, ahead of the July 22 Galaxy Unpacked event.

According to a report from 9to5Google’s Ben Schoon, the singer was filmed using the device during soundcheck footage at a BTS World Tour stop in Paris, with the compiled clips circulating on X. The footage shows J-Hope holding and filming with the device from both front and back angles. The device in the video matches leaked renders of the new wide version of the Galaxy Z Fold 8, which is expected to go head-to-head with the iPhone Ultra Fold later this year.

The clips show a purple finish, though the phone isn’t shown unfolded, leaving its inner display still unseen. Samsung maintains a marketing partnership with BTS, and 9to5Google suggested the phone was likely supplied to J-Hope through that relationship rather than as an intentional early reveal.

The device is widely expected to carry the Galaxy Z Fold 8 name, though as we’ve noted, the branding may cause confusion. This version reportedly isn’t a direct successor to last year’s Z Fold 7, with that role instead going to a separate Z Fold 8 Ultra.

In our guide to Galaxy Z Fold 8 Wide leaks, the reported specs point to a 5.5-inch external display, 7.6-inch internal display, Snapdragon 8 Elite Gen 5 chipset, 12GB RAM, and a 4,800mAh battery, alongside a camera setup: 50MP wide, 50MP ultrawide, dual 10MP selfie. This marks a step down from the Z Fold 7’s 200MP main sensor.

Samsung is set to formally unveil the device alongside the Z Fold 8 Ultra, Galaxy Z Flip 8, and new smartwatches at the July 22 Galaxy Unpacked event in London.

Mashable will be at Samsung’s London event, so check back on Wednesday for our live blog and the latest Galaxy Unpacked news.

#wide #Galaxy #Fold #revealed #BTS #member #JHope">The new, wide Galaxy Z Fold 8 revealed by BTS member J-Hope

Thanks to BTS member J-Hope, we now have our first look at Samsung’s Galaxy Z Fold 8 Wide in the wild, ahead of the July 22 Galaxy Unpacked event.

According to a report from 9to5Google’s Ben Schoon, the singer was filmed using the device during soundcheck footage at a BTS World Tour stop in Paris, with the compiled clips circulating on X. The footage shows J-Hope holding and filming with the device from both front and back angles. The device in the video matches leaked renders of the new wide version of the Galaxy Z Fold 8, which is expected to go head-to-head with the iPhone Ultra Fold later this year.

The clips show a purple finish, though the phone isn’t shown unfolded, leaving its inner display still unseen. Samsung maintains a marketing partnership with BTS, and 9to5Google suggested the phone was likely supplied to J-Hope through that relationship rather than as an intentional early reveal.

The device is widely expected to carry the Galaxy Z Fold 8 name, though as we’ve noted, the branding may cause confusion. This version reportedly isn’t a direct successor to last year’s Z Fold 7, with that role instead going to a separate Z Fold 8 Ultra.

In our guide to Galaxy Z Fold 8 Wide leaks, the reported specs point to a 5.5-inch external display, 7.6-inch internal display, Snapdragon 8 Elite Gen 5 chipset, 12GB RAM, and a 4,800mAh battery, alongside a camera setup: 50MP wide, 50MP ultrawide, dual 10MP selfie. This marks a step down from the Z Fold 7’s 200MP main sensor.

Samsung is set to formally unveil the device alongside the Z Fold 8 Ultra, Galaxy Z Flip 8, and new smartwatches at the July 22 Galaxy Unpacked event in London.

Mashable will be at Samsung’s London event, so check back on Wednesday for our live blog and the latest Galaxy Unpacked news.

#wide #Galaxy #Fold #revealed #BTS #member #JHope

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