OpenAI CEO Sam Altman’s public denial of seeking government guarantees for AI data centers stands in stark contrast to the company’s official October 27 letter to the White House explicitly requesting federal loan support and financial backing. The contradiction emerged after CFO Sarah Friar’s comments about federal “backstops” sparked immediate backlash from political figures and industry leaders, revealing a pattern of conflicting messaging from the AI giant about its relationship with taxpayer funding.
about OpenAI's Contradictory Stance on Government AI FundingRon Desantis
0 posts last weekU.S. Treasury’s Bessent Opposes CBDC, Calls It a ‘Sign of Weakness’
U.S. Treasury Secretary Scott Bessent reiterated his opposition to a central bank digital currency (CBDC) during Congressional testimony, labeling it a ‘sign of weakness’ and advocating for private-sector digital assets. Conservatives, including House Majority Whip Tom Emmer, have long resisted CBDCs, citing privacy and sovereignty concerns, with Emmer’s Anti-CBDC Surveillance State Act recently advancing in committee. While over 100 countries explore CBDCs, the U.S. remains hesitant, with former President Trump banning them via executive order. Policy analyst Nicholas Anthony notes that while the current administration has sidelined CBDCs, future economic crises could revive the debate. Critics warn of government overreach, while proponents see efficiency benefits.
about U.S. Treasury's Bessent Opposes CBDC, Calls It a 'Sign of Weakness'