Trump announces plan for government ownership stakes in AI companies, catching firms off guard
By
David Edwards
If you only eat one bagel today, this is the bagel.
Summary
President Donald Trump announced to reporters that he had scheduled a meeting with major AI companies to discuss the U.S. government taking ownership stakes in their firms. However, the AI companies were reportedly never informed about this plan and were blindsided by the announcement. The report highlights a disconnect between Trump's public statements and the reality of the situation, with industry leaders caught off guard by the proposal for government equity in their businesses.
Key quotes
· 3 pulledPresident Donald Trump told reporters he had a meeting locked in with the biggest names in artificial intelligence to discuss the government taking ownership stakes in their companies.
There was just one problem — nobody had told the companies.
Leading AI companies were 'blindsided' by Trump's announcement Friday that he planned to meet with 'all the big' firms about taking 'pieces'
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