OpenAI & Trump Admin: Gov Stake in AI Startup Talks

Jun 6·0:00 listen·Source: News18

Summary

The White House is in talks with OpenAI about a possible government stake in the AI company. These discussions have been ongoing for over a year. OpenAI co-founder Sam Altman pitched the idea to the Trump administration in 2025. OpenAI, valued at over $850 billion by private investors, is planning an Initial Public Offering this year. As part of these talks, OpenAI might donate shares to a "Public Wealth Fund." This fund could allow American citizens to share in the benefits of AI growth. President Donald Trump confirmed he would meet with AI firms soon, stating "the American public essentially becomes a partner." This could impact how the public benefits from the growth of artificial intelligence.

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