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OpenAI has sent a letter to the Trump administration requesting the expansion of the Chips Act tax credit to include data centers and other AI infrastructure components. The company argues that broadening the Advanced Manufacturing Investment Credit (AMIC) would reduce the cost of capital and encourage private investment in AI development. OpenAI’s chief global affairs officer, Chris Lehane, emphasized the need for faster permitting and a strategic reserve of raw materials to support AI infrastructure. The letter was initially published in October but gained attention after recent comments by OpenAI executives. This letter highlights OpenAI’s strategic approach to securing government support for its ambitious AI projects.
Key facts
- OpenAI has requested the expansion of the Chips Act tax credit to cover data centers and other AI infrastructure components.
- The Advanced Manufacturing Investment Credit (AMIC) is a 35% tax credit included in the Biden administration’s Chips Act.
- OpenAI’s letter calls for faster permitting and environmental reviews for AI infrastructure projects.
- The company also proposed the creation of a strategic reserve of raw materials like copper and rare earth minerals.
- OpenAI expects to reach $20 billion in annualized revenue by 2025 and has made $1.4 trillion in capital commitments for the next eight years.
TAGS:
#AI infrastructure #Chips Act #data centers #government support #OpenAI #semiconductor industry #tax credits #technology policy
