The US is racing to become a global leader in the digital tech industry. In its face-paced pursuit, the country passed the CHIPS Act (Creating Helpful Incentives to Produce Semiconductors) in 2022, which provides billions of dollars in funding and tax credits to companies making computer chips in the US. Now, Sam Altman, Co-Founder of OpenAI, the company behind ChatGPT, has urged the US to include more companies to utilize the Advanced Manufacturing Investment Credit (AMIC), a key tool under the CHIPS Act.
Sam Altman aims for AI growth
The OpenAI co-founder is indeed optimistic about the future of AI technology. As such, he intends that more AI companies must be able to benefit from tax breaks and financial benefits provided through the CHIPS Act.
Last month, OpenAI Chief Global Affairs Chris Lehane wrote a letter asking the White House Office of Science and Technology Policy Director Michael Kratsios to expand the eligibility for the AMIC.
Following this, Altman raised the concern to include AI data centers, AI server production other AI-related components, and not just semiconductor-producing firms, for qualifying the manufacturing tax credits.
Sam Altman’s push for AI is evident in an X post he shared recently. He highlighted that the US government should invest in its own AI infrastructure and benefit from it. The OpenAI executive has clarified that his company is not asking for a direct bailout (financial support during collapse).
However, he is emphasizing the importance of adding AI companies to benefit from tax credits.
Sam Altman’s viewpoint is clear: wider inclusion of AI infrastructure alongside chip manufacturers in the AMIC framework will help propel the industry. This approach could boost US leadership in AI innovation and enhance a self-reliant ecosystem. As the future is already intertwined with AI and related technology, gaining tax credits would help AI-providing firms to bloom and boom.
