OpenAI CEO Sam Altman and Nvidia Corp CEO Jensen Huang met with senior US administration officials and other industry leaders at the White House, where they discussed steps to address massive infrastructure needs for artificial intelligence (AI) projects.
Attendees included Anthropic CEO Dario Amodei, Google president Ruth Porat, Amazon.com Inc cloud chief Matt Garman and Microsoft Corp president Brad Smith, a White House statement on Thursday’s meeting said.
The government officials included US Secretary of Commerce Gina Raimondo, National Security Adviser Jake Sullivan and Secretary of Energy Jennifer Granholm.
Photo: Dado Ruvic, Reuters
Following the talks, the White House announced an interagency task force to help promote data center development in the US and initiatives to support accelerated permitting for those facilities. The steps are aimed at ensuring that the US retains its leadership in AI, where rapid advances require significant investments in data centers and energy supply.
The US Department of Energy would also steer data center owners and operators toward resources such as loans, grants and tax credits that can help them find clean and reliable power sources, the White House statement said.
OpenAI, for example, plans to spend tens of billions of US dollars on a domestic AI infrastructure push that spans data centers, energy capacity and transmission, and semiconductor manufacturing — with investment from around the globe. Company executives have been meeting with government officials for months about a range of issues related to the initiative, including national security concerns that could be associated with foreign capital.
The discussions took place the same day that OpenAI announced a new AI model known internally as “Strawberry” that can perform some human-like reasoning tasks, a step that signaled the intensity of the competition.
“OpenAI believes infrastructure is destiny and that building additional infrastructure in the US is critical to the country’s industrial policy and economic future,” OpenAI said on Thursday.
Porat said robust US energy infrastructure was crucial to ensuring US leadership in AI.
“Today’s White House convening was an important opportunity to advance the work required to modernize and expand the capacity of America’s energy grid,” she said.
The AI-fueled surge in US data center construction coincides with a broader manufacturing boost spurred by the Chips and Science Act and the Inflation Reduction Act — the signature subsidy programs for semiconductors and clean energy enacted in 2022 under US President Joe Biden.
Those investments, along with data center expansion and other factors, are expected to drive electricity demand up by 15 percent to 20 percent over the next decade, the US Department of Energy said.
Data centers could consume as much as 9 percent of US electricity generation annually by 2030, up from 4 percent of total load last year, an Electric Power Research Institute report said in May.
The Biden administration has said renewables such as wind and solar, as well as battery storage and energy efficiency gains, are some of the best ways to meet growing data center energy demand, because they are rapidly scalable and cost-competitive.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
The US has cleared about 10 Chinese firms to buy Nvidia Corp’s second-most powerful artificial intelligence (AI) chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as chief executive officer Jensen Huang (黃仁勳) seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from US President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re