Technology

Venture capitalist David Sacks, who is serving as President Donald Trump's AI and crypto czar, said Thursday that there will be "no federal bailout for AI." From a report: "The U.S. has at least 5 major frontier model companies. If one fails, others will take its place," Sacks wrote in a post on X. Sacks' comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants to establish an ecosystem of private equity, banks and a federal "backstop" or "guarantee" that could help the company finance its infrastructure investments. She softened her stance later in a LinkedIn post and said OpenAI is not seeking a government backstop for its infrastructure commitments. She said her use of the word "backstop" clouded her point. [...] Sacks said the Trump administration does want to make permitting and power generation easier, and that the goal is to facilitate rapid infrastructure buildouts without raising residential electricity rates. "To give benefit of the doubt, I don't think anyone was actually asking for a bailout. (That would be ridiculous.)," he wrote.

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AI labs are paying skilled professionals hundreds of dollars per hour to train their models in specialized fields. Companies like Mercor, Surge AI, Scale AI and Turing recruit bankers, lawyers, engineers and doctors to improve the accuracy of AI systems in professional settings. Mercor advertises roles for medical secretaries, movie directors and private detectives at rates ranging from $20 to $185 per hour for contract work and up to $200,000 for full-time positions. Surge AI offers as much as $1,000 per hour for expertise from startup CEOs and venture capital partners. Mercor pays out over $1.5 million daily to professionals it hires for clients including OpenAI and Anthropic. Some contractors are former employees of Goldman Sachs and McKinsey. Others moonlight in this work while keeping their regular jobs. Brendan Foody, Mercor's 22-year-old CEO, acknowledged at a conference last week that trade secrets could potentially be compromised given the volume of work submitted. Uber CEO Dara Khosrowshahi said on this week's earnings call that some AI training gigs on its platform require PhDs.

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