Sarah Friar says federal backstops reduce financing costs for frontier AI chips
Sarah Friar · OpenAI Requesting Federal Backstop? | Diet TBPN · Nov 7, 2025 · at 1:25
Sarah Friar was not on this episode. A recording of them was played into it, so these are their words but not an appearance on TBPN. It still counts as said, and it is kept out of every score on their page.
OpenAI CFO Sarah Friar discusses capital requirements and financing models for AI infrastructure at a Wall Street Journal event.
0:00 / 0:15exact quote · 15.0s
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“The backstop, the guarantee that allows the financing to happen. That can really drop the cost of the financing, but also increase the loan to value, so the amount of debt that you can take on top of an equity portion for some federal backstop for chip investment.”
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