Trump administration reportedly in talks to take equity stake in OpenAI
By
Anthony Ha
Summary
President Donald Trump has indicated his administration is in discussions with AI companies about potential deals that would benefit the American public. CNBC reports that the Trump administration is specifically discussing taking an equity stake in OpenAI, with some of that equity potentially used to seed a "Public Wealth Fund" proposed by OpenAI. The fund's proceeds would be distributed directly to citizens.
Source
bskyTrump administration reportedly in talks to take equity stake in OpenAItechcrunch.comKey quotes
· 3 pulledPresident Donald Trump said on Friday that he's spoken to AI companies about striking deals 'where the American people can benefit from the success of AI.'
CNBC reported that the Trump administration has indeed been discussing an equity stake with the AI company.
As outlined by the company, proceeds from the fund 'could be distributed directly to citizens'
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