WASHINGTON, Jan. 29 -- Sen. Elizabeth Warren issued the following press release:
U.S. Senator Elizabeth Warren (D-Mass.) sent a letter requesting specific details from OpenAI's CEO, Sam Altman, regarding its spending commitments and the circumstances under which OpenAI would seek a taxpayer bailout to help meet these commitments. There is a gap between OpenAI's spending commitments and revenues, which has spurred public discussion of an "AI bubble," and the company recently made overt requests for federal government support to "backstop" its financial commitments.
Recent reporting (https://www.wsj.com/tech/ai/openai-isnt-yet-working-toward-an-ipo-cfo-says-58037472) indicates that OpenAI is "losing money at a faster pace than almost any ot...