White House advisor Sacks bats down ‘bailout’ talk in wake of OpenAI comments flap

White House artificial intelligence and crypto advisor David Sacks says there is no discussion or need for a “federal bailout” of the AI sector amid its massive planned expenditures on infrastructure, after comments by an OpenAI executive triggered extensive pushback on social media.

“Buildout not bailout,” Sacks said in a Nov. 6 X post.

“There will be no federal bailout for AI,” Sacks posted. “The U.S. has at least 5 major frontier model companies. If one fails, others will take...