TechCrunch Industry News OpenAI asked Trump administration to expand Chips Act tax credit to cover data centers, plus is Wall Street losing faith in AI? and Apple new iPhone features
Nov 10, 2025
OpenAI is pushing for the expansion of the Chips Act tax credit to cover data centers, aiming to enhance AI infrastructure. Meanwhile, a downturn in tech stocks signals potential investor skepticism about the AI hype. On the innovative side, Apple is reportedly planning exciting new satellite features for the iPhone, including offline Maps and enhanced photo uploads. These developments highlight the intersection of tech policy, investment trends, and the future of mobile technology.
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OpenAI Seeks Broader CHIPS Act Support
- OpenAI asked the White House to expand the CHIPS Act tax credit to include AI servers, data centers, and grid components to lower capital costs.
- The company also urged faster permitting and a strategic raw materials reserve to accelerate AI infrastructure build-out.
Letter Gained Steam After Executive Remarks
- OpenAI published the letter on October 27 but it drew attention after executives' public comments this week.
- CFO Sarah Fryer said the government should backstop infrastructure loans, then clarified she misspoke, and Sam Altman rejected guarantees for OpenAI data centers.
OpenAI's Massive Growth And Capital Plans
- Sam Altman stated OpenAI expects >$20B annualized revenue by end of 2025 and plans massive capital commitments through 2030.
- He emphasized OpenAI doesn't want government guarantees and warned against governments picking winners.