The Trump administration might take an equity stake in OpenAI

President Donald Trump said on Friday that he’s spoken to AI companies about striking deals “where the American people can benefit from the success of AI.”

Trump does not seem to have mentioned specific companies in his comments, but OpenAI is a likely candidate, especially after CNBC reported that the Trump administration has indeed been discussing an equity stake with the AI company.

CNBC said some of that equity could be used to seed a “Public Wealth Fund” recently proposed by OpenAI. As outlined by the company, proceeds from the fund “could be distributed directly to citizens, allowing more people to participate directly in the upside of AI-driven growth, regardless of their starting wealth or access to capital.”

According to Bloomberg, when reporters on Air Force One asked Trump about the idea, he replied that he’s been talking to AI executives about “concepts where pieces could be given...

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