OpenAI discussed government loan guarantees for chip plants, not for data centers, CEO Altman says

Investing.com•Thursday, November 6, 2025 at 11:06:34 PM

OpenAI discussed government loan guarantees for chip plants, not for data centers, CEO Altman says

OpenAI's CEO Sam Altman recently revealed that the company has been in discussions regarding government loan guarantees specifically for chip manufacturing plants, rather than for data centers. This distinction highlights the growing importance of semiconductor production in the tech industry, especially as demand for chips continues to rise. By focusing on chip plants, OpenAI aims to support the infrastructure necessary for advanced technologies, which could have significant implications for innovation and economic growth.

— via World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Investing.com10 hours ago

US employment report will not be published again as government shutdown drags on

NegativeFinancial Markets

The ongoing government shutdown has led to the cancellation of the US employment report, a crucial indicator of the nation's economic health. This delay not only hampers the ability of policymakers and economists to assess job market trends but also raises concerns about the broader implications for the economy. Without this vital data, businesses and investors may face uncertainty, potentially affecting hiring decisions and economic growth.

Read full article

via Investing.com

Investing.com11 hours ago

French government defends Poste agreement with China’s Temu

PositiveFinancial Markets

The French government is standing by its recent agreement with China's Temu, emphasizing the potential benefits for both nations. This partnership aims to enhance postal services and foster economic ties, which could lead to job creation and improved logistics. By collaborating with Temu, France is positioning itself to leverage China's growing e-commerce market, making this agreement a significant step towards strengthening international relations and boosting the economy.

Read full article

via Investing.com

The New York Times11 hours ago

Tourism in Washington, D.C., Suffers as Government Shutdown Drags On

NegativeFinancial Markets

The ongoing government shutdown is taking a toll on tourism in Washington, D.C., with visitor numbers plummeting and local businesses feeling the pinch. This situation is concerning not just for the tourism sector but also for the broader economy, as many rely on the influx of tourists for their livelihoods. The longer the shutdown continues, the more significant the impact will be on jobs and revenue in the area.

Read full article

via The New York Times

The Guardian11 hours ago

Increase taxes for working people, or make the super-rich pay their fair share? The answer seems obvious – but not to Labour | Dhananjayan Sriskandarajah

NegativeFinancial Markets

In a critical analysis, Dhananjayan Sriskandarajah highlights how Rachel Reeves, the Chancellor, is limiting her budget options by adhering to strict debt and borrowing rules. This approach raises concerns as it suggests the government may resort to harmful choices, such as increasing taxes on working people instead of ensuring the super-rich contribute their fair share. This matters because it reflects a broader debate on economic fairness and the impact of fiscal policies on everyday citizens.

Read full article

via The Guardian

Bloomberg17 hours ago

China’s AI Boom Fuels Rally in Power Stocks as Next Winner

PositiveFinancial Markets

China's power stocks are experiencing a significant surge, marking their best week in years. This rally is driven by investors' optimism regarding the increasing energy demand from data centers that support artificial intelligence. As AI technology continues to expand, the implications for energy consumption are profound, making this trend crucial for both the stock market and the future of energy production.

Read full article

via Bloomberg

Bloomberg17 hours ago

Gold’s Grip on Thai Baht Loosens After Government Warning

PositiveFinancial Markets

Gold's influence on the Thai baht has diminished significantly, reaching its lowest point in nearly two years. This shift indicates that the government's measures to stabilize the currency may be effective, which is crucial for the economy as it helps manage inflation and supports trade. A stronger baht can impact exports, so this development is worth watching closely.

Read full article

via Bloomberg

Bloomberg17 hours ago

Singtel Shares Touch Highest Since 1993 on Data Center Report

PositiveFinancial Markets

Singtel's shares have reached their highest point since 1993, driven by investor excitement over the company's potential expansion into the booming data center market. This surge reflects growing confidence in Singtel's strategic direction and the increasing demand for data services, making it a significant moment for both the company and its investors.

Read full article

via Bloomberg

Investing.com17 hours ago

Japan PM Takaichi fills panel posts with advocates of big spending

PositiveFinancial Markets

Japan's Prime Minister Takaichi has appointed advocates of big spending to key panel positions, signaling a commitment to stimulate the economy. This move is significant as it reflects the government's strategy to boost growth and address economic challenges, potentially leading to increased investment and job creation.

Read full article

via Investing.com