OpenAI's Altman urges US to expand Chips Act tax credit for AI growth


FILE PHOTO: OpenAI CEO Sam Altman speaks to media following a Q&A at the OpenAI data center in Abilene, Texas, U.S., September 23, 2025. REUTERS/Shelby Tauber/Pool/File Photo

(Reuters) -OpenAI CEO Sam Altman on Friday doubled down on the company's ask for the U.S. to expand eligibility for a Chips Act tax credit, as the country accelerates efforts to secure its position as a global leader in artificial intelligence.

Altman's comment follows OpenAI Chief Global Affairs Officer Chris Lehane's October 27 letter to the White House Office of Science and Technology Policy Director Michael Kratsios seeking an extension of eligibility for the Advanced Manufacturing Investment Credit (AMIC) to AI server production, AI data centers and grid components.

The AMIC is a U.S. federal tax incentive designed to boost domestic semiconductor manufacturing.

"We think U.S. re-industrialization across the entire stack — fabs, turbines, transformers, steel, and much more — will help everyone in our industry, and other industries (including us)," Altman said in a post on X on Friday.

But the tax credit is "super different than loan guarantees to OpenAI", Altman said.

The company has spoken with the U.S. government about the possibility of federal loan guarantees to spur construction of chip factories in the U.S., but not data centers, Altman had said earlier this week.

OpenAI has committed to spend $1.4 trillion building computational resources over the next eight years, he had said.

Booming demand for AI models and products, including OpenAI's widely used ChatGPT, has prompted leading tech companies to unveil ambitious plans for building more data centers and developing advanced chips.

David Sacks, the White House AI and crypto czar, however, had said there would be no federal bailout for AI.

(Reporting by Juby Babu in Mexico City; Editing by Shilpi Majumdar)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

'Confidential mode': How to revoke access to emails you send in Gmail
TSMC plans 3-nanometre chip production launch in Japan in 2028
EU digital chief warns of 'weaponised' reliance on foreign tech
Axios software tool used by millions compromised in hack
German official report: Teen social media ban faces legal hurdles
Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
Anthropic to sign deal with Australia on AI safety and economic data tracking
AT&T signs deal worth $2 billion to upgrade emergency cellular network
Elon Musk must face class action over late disclosure of Twitter stake, judge rules
X recovers after brief US outage, Downdetector shows

Others Also Read