OpenAI proposed donating 5% of its equity to a US sovereign wealth fund
Key takeaways
- Open AI CEO Sam Altman has proposed giving 5% of the company s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter.
- According to the FT s reporting, the donation would be meant to secure good relations with the administration and address political blowback.
- The talks remain preliminary and, per the FT, it s likely that any formal action would require congressional approval, which would significantly complicate the matter.
Why this matters: a development in AI with implications for how people work, create, and decide.
Open AI CEO Sam Altman has proposed giving 5% of the company s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain about the specifics.
According to the FT s reporting, the donation would be meant to secure good relations with the administration and address political blowback.
Similar discussions were reported by CNBC in June, and were subsequently confirmed by President Trump, who said he had discussed concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies.” At the time, no specific size for the proposed equity stake was given.