tech
Trump eyes public stake in $850bn OpenAI as Sanders wants 50%
Trump says he will meet AI companies next week on a “partnership” plan to give Americans an equity stake. Altman first pitched the idea in early 2025. Sanders wants 50%. Critics warn government ownership would undermine AI regulation.
TL;DR
- President Trump is exploring a partnership with AI companies to allow the public to profit from the industry.
- OpenAI CEO Sam Altman previously proposed a "Public Wealth Fund" for public stakes in AI.
- Senator Bernie Sanders has introduced legislation for a 50% tax on AI companies' stock, paid in shares.
- Critics fear government ownership of AI companies could weaken regulatory enforcement.
- The logistical and constitutional challenges of transferring equity to the government are significant.
- California Governor Gavin Newsom is exploring state-level AI profit-sharing and worker equity initiatives.