Last night, OpenAI faced a PR crisis, triggered by an interview published yesterday in the Wall Street Journal with OpenAI's CFO. In the interview, the CFO mentioned that OpenAI doesn’t plan to IPO in the short term but also said they hope to receive 'national funding support' in the future. Although she later clarified her statement, outsiders were shocked, interpreting it as OpenAI asking for government guarantees. Then David Sacks, who oversees AI policy, added fuel to the fire, saying, 'There won’t be federal bailouts for AI. The U.S. has at least five major frontier model companies. If one fails, others will take its place.' This led to Sam’s tweet today, which essentially says: 1) The government shouldn’t artificially decide which companies win or lose, and taxpayers’ money shouldn’t be used to bail out companies that make poor business decisions or fail in the market. We’re not asking the government to back us up. 2) If the government decides to purchase large amounts of computing power and determines how to use it, providing lower-cost funding for this might be reasonable. Building a national strategic reserve of computing power is significant. But this should benefit the government, not private companies. 3) Three extended points: - First, we expect annualized revenue to exceed $20 billion this year and grow to hundreds of billions by 2030. We’re confident in our continued revenue growth. - Second, OpenAI is absolutely not 'too big to fail.' If we make mistakes that we can’t recover from, we should fail. We aim to be a very successful company, but if we mess up, the responsibility is ours alone. When we talk about government backing, we mean backing for cybersecurity and protecting infrastructure from large-scale attacks, not for any specific company. - Lastly, why do we need so much money for development? The future potential we see in research projects makes now the best time to invest in scaling technology. Large infrastructure projects take a long time to build, so we must act immediately. The risk of OpenAI lacking computing power is far greater than the risk of having excess capacity. OpenAI is undoubtedly at the center of the AI wave right now, and every word and action carries immense weight. Luckily, it hasn’t gone public yet; otherwise, as Sam said, the market would’ve dealt with it last night. This also explains why big tech stocks dipped last night. Google still managed to close higher, while Apple saw a slight drop. Google claims to be self-sufficient and has little connection to OpenAI, and the market needs a Plan B for OpenAI. Apple remains the most restrained in capital expenditures among big tech companies.