OpenAI 'In Early Talks To Give 5% Stake To US Government'
- Reference: 0184272224
- News link: https://yro.slashdot.org/story/26/07/02/1623259/openai-in-early-talks-to-give-5-stake-to-us-government
- Source link:
> [OpenAI CEO Sam Altman] and other OpenAI bosses have suggested that each of the biggest AI developers in the US should give 5% to their equity to an investment vehicle such as the Alaska Permanent Fund, a sovereign fund that invests US oil wealth into stocks and pays dividends to the state, the FT reported.
>
> The talks are "conceptual" and in early stages, it said, and any deal could require an act of Congress to implement. Both OpenAI and Anthropic have previously suggested in policy papers that a public or sovereign wealth fund may be required in the future to distribute shares to the public. In April, OpenAI said that a "public wealth fund" could provide "every citizen -- including those not invested in financial markets -- with a stake in AI-driven economic growth."
Further reading: [3]Bernie Sanders Unveils $7 Trillion Plan To Give Americans Control of AI Industry
[1] https://www.ft.com/content/7c803eab-8e80-4431-9a87-e943bf00e00b?syn-25a6b1a6=1
[2] https://www.theguardian.com/technology/2026/jul/02/openai-stake-us-government-ai-sam-altman
[3] https://yro.slashdot.org/story/26/06/18/1914206/bernie-sanders-unveils-7-trillion-plan-to-give-americans-control-of-ai-industry
Isn't this called (Score:3, Interesting)
seizing the means of production?
What a grift (Score:2)
And I'm sure it won't be a gift-in-kind but a "discounted" purchase of the overhyped IPO price.
Re:What a grift (Score:5, Interesting)
note sure, the hope is probably that with a 5% stake the state will find the company to big to fail in the future and will bail them out once the hype is over
The government (Score:5, Insightful)
I pay taxes. Where is my cut?
hey, wasn't the orange shitgibbon (Score:2)
preparing to fight some kind of "Communism" taking over "Amurrikah"?
turns out he was fighting the demented ape in the mirror?
LOL
Richard Nixon wondering why he resigned.... (Score:5, Insightful)
Ole Nixon is down there in hell asking himself why the hell he resigned. In today's presidential administrations you have to resign if you're not corrupt enough.
Re:Richard Nixon wondering why he resigned.... (Score:5, Informative)
In the last few weeks republican politicians and their supporters have publicly said Nixon shouldn't have resigned and was treated unfairly. Apparently what he did was totally fine by them. Vance in particular expressed sympathy for Nixon. Who's woke now? Surreal.
Re:Richard Nixon wondering why he resigned.... (Score:5, Insightful)
Nixon resigned because if he didn't he was going to be impeached and removed.
What Nixon really needed was a Republican Congress that was so servile and supplicant that they would just let Nixon off the hook and give him an attaboy. Says a lot about them that their predecessors had some sense of decorum of the office and some spinal rigidity. Now they are all just worms.
Re: (Score:2)
> In the last few weeks republican politicians and their supporters have publicly said Nixon shouldn't have resigned and was treated unfairly. Apparently what he did was totally fine by them. Vance in particular expressed sympathy for Nixon. Who's woke now? Surreal.
It's worth remembering something about Nixon: we have the tapes. He incriminated himself in his own voice, by committing obstruction of justice.
Now, I'd like to hear whether the current administration considers obstruction of justice to be a core act of the presidency (with absolute immunity) or an official act (with presumed immunity). On second thought, never mind, maybe I don't need to hear it.
Re: (Score:3)
> Ole Nixon is down there in hell asking himself why the hell he resigned. In today's presidential administrations you have to resign if you're not corrupt enough.
Nixon didn't have a cult following him, nor did he have a complicit Congress letting him get away with his BS, and he also didn't have a SCOTUS that wants to let him get away with more BS. SCOTUS at least isn't rubberstamping all his activities, but they're done so on far too many cases.
Re: (Score:2)
Vance literally said Nixon wouldn't have if he did Watergate today.
He also complained about how little coverage Biden's health got... To US troops. In full knowledge of the lie.
Re: (Score:1)
Fine, i'll feed the troll
> George Washington lamented that a handful of trained soldiers would run circles around his best militia men.
Sure, that's why Britian won the revolutionary war.
Re: (Score:2)
You joke, but Vance has been doing the rounds pushing the line that " If Watergate happened tomorrow, it would be like a 12-hour news story. The idea that it would have taken down a presidency is crazy. " -as if that makes everything that is happening now OK.
Government shouldn't Own OpenAI (Score:1)
The government needs to get out of subsidizing massive companies, especially those that are able to raise billions of dollars on their own anyways. The future of this is the Chinese system where any company partnered with the government pays lower taxes - effectively requiring all companies to be government owned in order to compete with the lower prices those companies offer.
LOL! (Score:3)
> "Such a deal would help improve the industry's relations with the Trump administration and could help garner political support by sharing wealth generated by the AI boom with the public "
LOL! You sweet, naive child.
Re: (Score:2)
I hope you get the Funny, but on your sig I currently favor Rumplicans versus Dumbocrats. R is where their noses are for the orange-nosing cowardice, whereas D is for believing in various stripes of flying elephants, with or without feathers. (There's an old book by Woody Allen from back when he was funny...)
Re: (Score:2)
>> "Such a deal would help improve the industry's relations with the Trump administration and could help garner political support by sharing wealth generated by the AI boom with the public "
> LOL! You sweet, naive child.
Yeah, the truth is by tying it to the government and promising to give money to the public, they'd be setting themselves up for some of that sweet, sweet "To Big To Fail" cash when the bubble begins to burst and the levee begins to break. That "giving money to the public" would quickly turn into "public must support us, or we can't support them," which would just as quickly become, "permanent government supplied subsidy for existing."
These sick fuckers won't be satisfied with draining our 401ks. They want *
Not Capitalists (Score:5, Insightful)
The Republican Party has abandoned Capitalism for Plutocracy long ago.
They yell SOCIALISM every time someone objects to their plutocracy.
They have no idea what real capitalism is. Free Markets, not government control, and government providing necessary services for every case when capitalism cannot solve the problem.
Examples of capitalism not solving problems include:
Judicial services
Prison
Police
Military
Fire
Education
Roads
Utility
Safety regulations
and yes, HEALTHCARE
Re: (Score:1)
The Republican Party has abandoned Capitalism for Plutocracy long ago. So has the Democratic party. You're incredibly naive to be voting for the uniparty, either side of it.
Re:Not Capitalists (Score:4, Insightful)
You're even more naive if you believe that nonsense. "bOtHsIdEs" is a dishonest argument that attempts to equate the rather "meh" Democrats with the democracy subverting dumpster fire of the modern Republican Party in an attempt to excuse the GOP of the abhorrent shit that they do. They are NOT the same.
Re: (Score:3)
> They are NOT the same.
One is more like pig shit and one is more like dog shit.
Re: (Score:2)
Even that admits that one the hand hand there is a lot less shit .
Re: (Score:2)
It used to be that the GOP were capitalists, bad capitalists but capitalists notherless. But that has ceased.
The biggest sign was the "no self repair contracts". That is the most anti-capitalist thing I ever heard of. If you buy it, you can do what you want with it, including not just repairing it, but ripping it in half and sticking extra seats in the middle. Yeah, I want to see a stretch John Deere. tractor.
Re: (Score:2)
Congratulations on waking up from your coma from 1964. A lot's changed.
Why do we want 5% of their debt? (Score:5, Insightful)
Unless they pay a dividend - why would the taxpayer be interested? To take advantage of an appreciating stock you have to sell, then you don't have it anymore to appreciate...
Re: (Score:3)
Exactly, OpenAI is in debt and produces no profits. It looks like they're trying to shift debt onto the public.
Re: (Score:3)
Shift debt onto the public? How does that work exactly?
Owning stock in a company that is in debt does not make the stockholder in debt. It just means the investment is at risk if the company can't pay off the loan.
For the record, I'm against the government having a position in OpenAI, or any other AI company. At this time, there is no need to rescue the industry, or to have a strategic stake in it.
Re: (Score:2)
Hahaha, yes. OpenAI has massive negative worth now. But the US taxpayer is fine with getting to pay for that too, right?
Re: (Score:2)
We already sell Venezuelan oil with zero transparency. Where is that money going? [1]https://www.npr.org/2026/06/07... [npr.org]
[1] https://www.npr.org/2026/06/07/nx-s1-5846935/venezuela-is-exporting-more-oil-after-the-u-s-captured-maduro
Re: (Score:2)
Well, the Christofascists are already in there, so the Islamists will probably not add a lot.
How to bribe your crooked government 101 (Score:2)
Watch the attempt at mastering bribes.
Newsflash: Capitalism is dead (Score:3)
AI and robots mean most jobs are going away. Capitalism used to balance the needs of capital and labor, with labor fighting tooth and nail to get their fair share. When capital does not need labor what will happen, are capitalists finally going to be charitable and generous? The big problem is so many people do not believe AI and robots will take most jobs: [1]https://slashdot.org/poll/3281... [slashdot.org]
That poll (When will AGI be achieved?) is already a year old, we need another Slashdot poll: are we on the path to Singularity?
[1] https://slashdot.org/poll/3281/when-will-agi-be-achieved
One of many companies (Score:2)
The US Government has a stake in multiple companies so adding OpenAI to the expanding list
isn't really anything new or groundbreaking. Many of them are critical sectors / technology /
materials from a national security or tech advancement point of view.
You can read about them here:
[1]https://moeonmargin.substack.c... [substack.com]
[1] https://moeonmargin.substack.com/p/the-us-government-is-now-a-shareholder
Naked Graft (Score:5, Interesting)
I used to think that graft this naked could never happen, especially at the Federal level. Guess I was wrong.
Re:Naked Graft (Score:5, Insightful)
There are South American banana republic dictators looking on in awe.
But think of the socialism! (Score:3)
I agree with you, but I had to include the obligatory joke. The word has lost all meaning these days. Children? Graft? Socialism? Federal? Naked? Trust? Slashdot? No meaning anywhere. But let's think of the socialist children!
Re:But think of the socialism! (Score:4, Insightful)
Quite sure that the current admin is dreaming of all those children, naked on Epsteins island.
Donald Trump and Sam Altman (Score:3)
a match made in hell
Re: (Score:2)
One is focused on keeping prices low while the other is focused on funneling money into his pocket.
Re: (Score:2)
Changing government to Kleptocracy and Kakistocracy tends to do that.
That 5% is probably more than the real worth of OpenAI ...
Re: (Score:2)
I feel like people who make comments like this have no concept of American history. Naked graft like this has happened, just as bad if not worse, many times in US history!
Now, should we be concerned that we're moving backwards instead of forwards on corruption? Absolutely!
But it's just flat out ignorant and counterproductive to pretend this level of government corruption has never occurred ... when US history is full of it. Please people, read some history, or else we really all are doomed to repeat it.