OpenAI CFO Sarah Friar explains how artificial intelligence is at the center of Davos, what the Stargate project means for the macro economy, and details new products for key customers.
OpenAI's chief financial officer is setting a record for funding President Donald Trump's breakthrough artificial intelligence (AI) project.
“I've approached this deal, I've been working on it. If I look tired, this deal will do it for me. And I feel good about where we're at,” Sarah Friar said in a message I have a very good one.” “Morning with Maria” Interview Thursday from the World Economic Forum in Davos, Switzerland.
“I think about Elon, look, he's a competitor, but I want us to compete for the right things,” he added.
On Tuesday, President Trump announced a massive $500 billion infrastructure project called Stargate. Major names including Softbank, OpenAI and Oracle plan to join forces to establish data centers in the US to further develop artificial intelligence, which promises to increase productivity by automating work.
Elon Musk's Dodge faced its first legal challenge within hours of Trump's inauguration
The initial investment is expected to be 100 billion dollars and can reach five times this amount. Microsoft, NVIDIA, investor MGX and chip maker Arm are also partners in the project.
Sarah Friar, CFO of OpenAI, defends the company's position that they have financial backing to fund the Stargate AI project. (Getty Images)
But Tesla and SpaceX CEO Elon Musk — and now co-chair of the Department of Government Efficiency — went to X. to express doubt Regarding OpenAI's ability to sponsor Stargate.
“They don't actually have money,” Musk posted in response to OpenAI's post promoting Stargate on X. “SoftBank is guaranteed less than $10 billion. I own it.”
Backing OpenAI CEO Sam Altman's claim that Musk is wrong, Friar encouraged Musk to support Trump's AI plans despite the fact. The relationship between Musk and Altman was broken.
President Trump is making a major infrastructure announcement on his second day in office.
Let's compete for great results for consumers and businesses. Let's compete to attract investment and jobs to the United States, as well as to our allies. The CFO said on Thursday.
“And Elon knows it,” Friar pressed, “because ultimately, we're at the tip of the iceberg here. We're just scratching the surface of what's to come. This is the age of artificial intelligence. And so, we're caught up in the distractions between us. We do. It just feels like it slows down the larger outcome that we're all looking for.”
A source familiar with Stargate told FOX Business that Stargate is ready to deploy $100 billion immediately and investment firms are well positioned to invest.
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Sam Altman, CEO of OpenAI, and Brian Schimpf, co-founder and CEO of Endorail Industries, discuss the future of artificial intelligence and the ethical use of technology on “monetization.”
In an effort to defuse any tension, Friar argued that Musk agrees with OpenAI on the industry's three main needs: “amazing people” and computer and data power.
“That's why being mission-driven is super important to us, right?” The CFO raised. “We want to make sure we have access to all of them and will continue to manage the company in the way we see best.”
Michael Dorgan of FOX Business contributed to this report.