
White House adviser David Sacks stated on Thursday that there will be no federal bailout for artificial intelligence companies.
“The U.S. has at least five major frontier-model companies. If one fails, others will take its place,” he wrote in a post on X. Rather than offering blanket support, Sacks emphasized that the government’s role will shift toward making infrastructure and regulation more efficient, especially in areas like permitting and energy generation.
The goal, he noted, is a rapid build-out of AI infrastructure “without increasing residential rates for electricity.” This reflects a policy focus on unblocking constraints in power and permitting rather than direct subsidies.
Get updates to this developing story directly on Stocktwits.<
Read also: Ripple’s XRP Leads Crypto Rebound, While Bitcoin ETFs Log Second-Worst Outflow Streak This Year
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.