Back to News
OpenAI floats giving Trump administration 5 percent cut of AI boom
BusinessThursday, July 2, 2026 at 11:00 AM

OpenAI floats giving Trump administration 5 percent cut of AI boom

Source: The Verge AI
Curated Summary

OpenAI is reportedly proposing a 5 percent government ownership stake to ease tensions with the Trump administration and mitigate public backlash against AI.

CEO Sam Altman pitched this idea early last year, suggesting that a public financial interest would be the best way to share the upside of AI technology.

Based on OpenAI's $852 billion valuation, this stake would be worth approximately $42.6 billion.

The proposal also involves other US AI companies offering similar stakes to the government, though it remains in early stages.

This move comes amid increased regulatory scrutiny, including export controls and supply chain risk designations by the Pentagon.

The Trump administration has previously taken stakes in Intel and demanded revenue cuts from Nvidia and AMD.

This development highlights a growing trend of governments seeking to capture wealth generated by the AI boom through policy and ownership.

Want the full story?

Read Original Article

via The Verge AI

#openai#policy#regulation#sam-altman#government-stake

Related Articles

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund
TechCrunch AI
Business2d ago

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has proposed donating 5% of the company's equity to a U.S. sovereign wealth fund, a move reported by the Financial Times. This initiative aims to secure good relations with the administration and address potential political blowback regarding AI's rapid growth. The proposal aligns with recent discussions involving President Trump about the American public becoming a partner in AI companies. OpenAI has previously outlined similar concepts in a policy paper titled 'Industrial Policy for the Intelligence Age,' suggesting returns could be distributed directly to citizens. While similar ideas have been proposed by Senator Bernie Sanders, including a 50% tax on AI stock, those legislative efforts have not yet advanced. The current OpenAI proposal remains preliminary and would likely require complex congressional approval to become reality. This development highlights the growing intersection between AI corporate strategy and national economic policy.

1 min readRead
Anthropic is discussing a new custom chip with Samsung
TechCrunch AI
Business2d ago

Anthropic is discussing a new custom chip with Samsung

Anthropic is reportedly in discussions with Samsung to develop a custom AI chip, signaling a serious move towards hardware independence. This potential partnership aims to diversify Anthropic's compute strategy beyond its current reliance on Google, Amazon, and Nvidia. The move comes amidst a broader industry trend where major AI firms seek to reduce dependency on Nvidia's dominant market position. Notably, this development follows OpenAI's recent announcement of its own custom inference processor, 'Jalapeño,' developed with Broadcom. While Anthropic has not yet disclosed specific technical details or use cases for the Samsung collaboration, the strategic alignment highlights the growing importance of specialized hardware. Samsung, already a key Nvidia partner, brings significant manufacturing capabilities to such high-stakes AI infrastructure projects. This shift underscores the competitive race among AI leaders to optimize performance and efficiency through proprietary silicon.

1 min readRead
Microsoft launches its own AI deployment company with $2.5 billion commitment
TechCrunch AI
Business2d ago

Microsoft launches its own AI deployment company with $2.5 billion commitment

Microsoft has launched a new operating business named Microsoft Frontier, dedicated to facilitating enterprise AI deployments. The initiative is backed by a substantial $2.5 billion investment and leverages 6,000 industry and engineering experts. Microsoft’s Commercial Business CEO Judson Althoff emphasizes that this venture exceeds traditional Forward Deployed Engineering models. This move positions Microsoft directly against competitors like AWS, which recently announced a similar $1 billion commitment. Early partnerships include major entities such as the London Stock Exchange Group, Unilever, and Accenture. The company aims to utilize its existing Fortune 500 client base to accelerate adoption of its AI tools. This strategic shift highlights the growing focus on practical implementation over mere model development.

1 min readRead