Massive losses but still spending 1.4 trillion! OpenAI warns: Don't focus on the bubble, look at AI's true abilities.

Sarah Friar, Chief Financial Officer of OpenAI, pointed out in an interview on Wednesday that the current market may be overly focused on the potential bubble in the field of artificial intelligence, which actually masks the direction that should be more focused on - we need to turn our attention to the tremendous potential of the technology itself and embrace its future value with a more optimistic attitude. She emphasized: "Considering the actual applications of artificial intelligence and the real benefits it can bring to individuals, people's enthusiasm for artificial intelligence is still insufficient, and we should continue to promote its development." In recent months, the soaring valuations of artificial intelligence companies and the substantial investments by technology companies in data centers and chips (used to support artificial intelligence development) have attracted widespread attention. Just OpenAI alone has pledged to invest over $1.4 trillion in the field of artificial intelligence infrastructure, despite the company still being in a loss-making condition. To support its artificial intelligence data center construction, OpenAI has reached major cooperation agreements with companies such as NVIDIA Corporation (NVDA.US) and AMD (AMD.US), but some have criticized these as "circular financing arrangements." For example, NVIDIA Corporation has agreed to invest up to $100 billion in OpenAI to help expand its data centers, while OpenAI has promised to deploy millions of NVIDIA Corporation chips in these data centers. In response, Friar clearly stated that she does not agree with such criticisms: "We are currently building a complete infrastructure system aimed at pushing more computing power globally. This is by no means circular financing. Over the past year, we have put a lot of effort into diversifying our supply chain." In addition to collaborating with chip manufacturers, OpenAI, as the developer of ChatGPT, is also expanding diversified financing channels to support infrastructure development. Friar revealed that the company is "seeking support from an ecosystem consisting of banks and private equity" and hinted that the US government may "provide guarantees for financing," but did not specify the operating mechanism. Regarding this statement, an OpenAI spokesman added that Friar's statement is based on the broader background of the artificial intelligence industry, and the company currently has no specific plans to seek federal government support. In terms of future capital planning, OpenAI expects to raise more funds through public offerings in the coming years, but Friar emphasized that there is currently no IPO plan in progress: "We currently have no plans for an IPO, and it is not within our considerations."