Trump Administration Rules Out AI Backstop Amid OpenAI Uproar

Trump administration officials are dismissing the idea of a financial backstop for artificial intelligence companies, US officials said, after comments from a top OpenAI executive raised questions about the prospects for a federal bailout. 

There are no plans for the administration to consider such a move going forward, and the idea is not on the table, the officials said, speaking on condition of anonymity to describe internal thinking. 

The administration’s position marks a fresh signal for the industry of how much the government is willing to…