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Trump Admin Says It's Not Bailing Out the AI Industry Regardless of How Hard It Crashes

October 1, 2026 | Futurism AI
Trump Admin Says It's Not Bailing Out the AI Industry Regardless of How Hard It Crashes
Kayla Bartkowski/Getty Images/Futurism During the Wall Street Journal’s Tech Live conference on Wednesday, OpenAI chief financial officer Sarah Friar hinted at the possibility that the government could “backstop the guarantee that allows the financing to happen” as the AI industry continues to take on even more debt. Friar regretted her comment almost immediately, clarifying in a subsequent post on LinkedIn that “OpenAI is not seeking a government backstop