Venture capitalist David Sacks , who is serving as President Donald Trump's artificial intelligence and crypto czar, said Thursday that there will be "no federal bailout for AI."

"The U.S. has at least 5 major frontier model companies. If one fails, others will take its place," Sacks wrote in a post on X.

Sacks' comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants to establish an ecosystem of private equity, banks and a federal "backstop" or "guarantee" that could help the company finance its infrastructure investments.

She softened her stance later in a LinkedIn post and said OpenAI is not seeking a government backstop for its infrastructure commitments. She said her use of the word "backstop" clouded her point.

"As the full clip of my answe

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