Trump floats US government stakes in AI firms to share AI gains

1 min read
Source: Financial Times
Trump floats US government stakes in AI firms to share AI gains
Photo: Financial Times
TL;DR Summary

Donald Trump suggested the US could take equity stakes in AI companies like OpenAI as part of a government partnership to let Americans benefit from AI-driven growth, a move aligned with his America-first policy and coming as Bernie Sanders campaigns for a windfall tax to fund a US sovereign wealth fund. The idea has sparked debate among industry leaders and Republican lawmakers amid concerns about nationalization of AI and ahead of the upcoming midterm elections, with several AI firms possibly going public in the near term.

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