OpenAI proposed donating 5% of its equity to a US sovereign wealth fund
OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, reviving discussions about letting the public share in the financial gains from the AI boom.
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OpenAI's CEO has proposed donating 5% of the company's equity to a U.S. sovereign wealth fund, with other AI companies expected to make similar donations. The proposal aims to secure favorable relations with the administration and address political criticism. The idea remains preliminary and would likely require congressional approval, though the concept of a public AI fund has been discussed publicly by the company and proposed in more aggressive forms by lawmakers, including a bill calling for a one-time tax on AI company stock to fund such a wealth fund.
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