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OpenAI floats giving Trump administration 5 percent cut of AI boom
A government stake could help the company avoid onerous regulation.
A government stake could help the company avoid onerous regulation.
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OpenAI has floated giving the US government a 5 percent ownership stake as a way of easing tensions with the Trump administration and blunting mounting public backlash against AI, according to the Financial Times.
according to the Financial Times
CEO Sam Altman argued that giving the public a financial interest in the company would be the best way to share the upside of AI, the FT reported, citing two unnamed people familiar with the talks. He’s said to have first pitched the idea to Trump early last year.
first pitched the idea to Trump
Altman reportedly suggested the 5 percent figure. Based on OpenAI’s latest funding round, which ended with the company valued at $852 billion, that stake would be worth roughly $42.6 billion.
The discussions are reportedly still in their early stages, and the proposal would involve other US AI companies giving the government similar stakes. It’s unclear whether they would agree to such a deal.
The proposal lands amid the Trump administration’s unusually hands-on approach to AI, which has repeatedly stymied one of OpenAI’s main competitors, Anthropic, and sparked concern over future interventions. Earlier this year, the Pentagon designated the company a supply chain risk, and last month the administration unexpectedly slapped its latest models with export controls, forcing them to pull it from the market and igniting uncertainty about the future prospects of US AI on the world stage.
unexpectedly slapped its latest models
igniting uncertainty about the future prospects
Public officials have shown growing interest in using policy to capture and redistribute some of the wealth generated by AI. Under Trump, the US government has already taken a 10 percent stake in chipmaker Intel and reportedly demanded Nvidia and AMD give the federal government a 15 percent cut of their revenue from AI chip sales to China. Others, such as Senator Bernie Sanders, have argued that AI is a public resource and suggested a one-time 50 percent tax on their stock value to establish a sovereign wealth fund.
already taken a 10 percent stake in chipmaker Intel
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