OpenAI floats giving Trump administration 5 percent cut of AI boom
Summary
According to the Financial Times, OpenAI CEO Sam Altman has proposed offering the U.S. government a 5 percent ownership stake in the company. This initiative aims to mitigate regulatory tensions with the Trump administration and address public backlash against the AI industry. With OpenAI currently valued at approximately $852 billion, such a stake would hold an estimated value of $42.6 billion. The proposal is in its early stages and would ideally involve other major AI firms, mirroring recent government efforts to secure financial interests in companies like Intel and enforce revenue-sharing demands on chipmakers like Nvidia and AMD.
(Source:The Verge)