Thursday, July 2, 2026

Sam Altman's OpenAI Discusses Handing Trump Admin A 5% Stake

 A report suggests the U. S. government may acquire a 5% stake in Sam Altman's OpenAI, which is valued at $852 billion. This potential move aims to address political and economic concerns ahead of OpenAI's future IPO.

● The proposed stake could mitigate political pressure on OpenAI from the Trump administration, particularly regarding the impact of AI on jobs.

● Sam Altman is considering this arrangement based on the Alaska Permanent Fund model, which invests state oil revenue for Alaskans' benefit.

● Such a stake might encourage other tech firms like Google and Meta to similarly engage with the federal government.

● Discussions have included significant figures, including Trump and Sen. Bernie Sanders, who advocates for public ownership surpassing 50%.

● The initiative also reflects a growing recognition of the need for community benefits relating to AI, illustrated by actions from companies like Elon Musk's xAI that aim to address local concerns over data centers.

The talks about government involvement in OpenAI and other tech firms highlight a shift towards addressing the societal impacts of AI, while potential arrangements may still require congressional approval. 

https://www.zerohedge.com/markets/sam-altmans-openai-discusses-handing-trump-admin-5-stake

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