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Announced Thu, 2 Jul · 11:10 IST

Sam Altman wants to give a 5% OpenAI stake to the US government: Report

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AI summary

OpenAI CEO Sam Altman has proposed giving a 5 percent equity stake in the company to the US government, suggesting other leading American AI companies like Anthropic, Google, and Meta could do the same. The idea, modeled on the Alaska Permanent Fund, is at a conceptual stage and would require Congressional approval. OpenAI and Anthropic are also preparing for public listings, though OpenAI's IPO is not expected before next year.