Trump Administration Eyes Equity Stake in OpenAI
President Donald Trump indicated on Friday that his administration has been in discussions with artificial intelligence companies about arrangements that would allow the American public to benefit from AI's growth. While Trump did not name specific firms, reports suggest OpenAI is a primary candidate. CNBC revealed that the administration has been negotiating an equity stake in the company, with some shares potentially funding a proposed "Public Wealth Fund" that would distribute AI-driven profits directly to citizens.
According to Bloomberg, Trump told reporters aboard Air Force One that he has discussed "concepts where pieces could be given to the American public," making the public a partner with AI companies. OpenAI CEO Sam Altman has reportedly floated the idea of government stakes in major AI firms since early 2025. This aligns with Trump's previous move to take a 10% government stake in struggling chipmaker Intel last year.
The concept has also gained traction on the left, with Senator Bernie Sanders proposing a one-time 50% tax on AI companies like OpenAI, Anthropic, and xAI, payable in stock. Sanders argued this would give the public a direct role in shaping AI's future and ensure that trillions in potential profits benefit everyone. However, former AI and crypto czar David Sacks warned that such measures could accelerate an undesirable fusion of corporate and government interests.
Source: TechCrunch AI