Sam Altman · OpenAI · Donald Trump · Financial Times · Google · Meta · Ars Technica
Trump gets OpenAI to offer US 5% stake, far lower than Sanders’ target
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OpenAI CEO Sam Altman is reportedly in active talks with the Trump administration about the US potentially acquiring a 5 percent stake in the leading AI firm.
Key facts
- OpenAI CEO Sam Altman is reportedly in active talks with the Trump administration about the US potentially acquiring a 5 percent stake in the leading AI firm
- According to FT, OpenAI has claimed that gifting a 5 percent stake to the US would give Americans more control over AI
- Currently, AI firms like OpenAI are combating what Axios billed as an “AI hate wave
- Sanders’ plan requires leading AI firms to pay a one-time 50 percent tax on their stock
Summary
Insider Financial Times that these talks are in “early stages,” but Altman “has argued that giving the public a financial stake in the company is the best way to share the upside of AI.” Donald Trump favors the idea, and his administration has reportedly been talking to several AI firms about the possibility. None of the firms are commenting on FT’s report, though, and Google and Meta have not indicated that they agree with Altman that a 5 percent stake would be an appropriate size to cede to the public. But AI firms may be willing to give a little if they expect it will help them gain a lot.