OpenAI ‘in early talks to give 5% stake to US government’

bityard

Does OpenAI not have mandatory compliance training which forbids them from giving any government a bribe as a condition of doing business?

frumiousirc

I'd settle for Altman and his ilk paying a proper progressive income tax.

rasz

This is how they will secure eventual bailout.

osiris970

Isn't this what people wanted? The public to have access to the gains of these companies? I don't want public ownership of any private companies but this seems to be what slopulism leads us to

Traster

Interesting. But if Sam really believes that the US public should share in the benefits of AI surely the number should be 50% not 5%.

exabrial

Taxes are theft. This is absurd. There’s zero reason to bail these ding dongs out. Their entire business proposition has been to keep warm by incinerating fresh cash.

throwaw12

Just a reminder: https://www.reddit.com/r/ChatGPT/comments/13lgbir/sam_altman...

petcat

> Altman has also reportedly spoken with the Democratic senator Bernie Sanders in recent weeks. The senator has been pushing for the creation of a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the biggest AI companies. Bernie shooting for the moon here

ProllyInfamous

I know OpenAI has delayed their IPO by a year (i.e. not publicly traded, yet; so: no dividends), but wouldn't it be better for the Government/bottom 95% if instead of taking ownership, they taxed all tech-related stocks 5% every time they're traded – this is a perpetual stream of income, and would likely reduce speculative short-term trading... source: middle-aged electrician, owns a little stock (and would happily pay trading taxes, either in/out/both); know nothing unrelated to copper; eats crayons

dhoe

But governments cannot be trusted, better give it to an independent entity like they did with the Qatari jet

bilekas

This feels a bit off.. How is the government supposed to be able to regulate them impartially when they're literally invested in them. What if a competitive startup startup starts to really take away from OpenAi's profits and then all of a sudden requires some approval for merger with Anthropic for example, I don't know if I would trust the government to be fair in their decision here. Leaving aside the potential for letting the government(tax payers) hold the bag if there is a collapse.

Sol-

Seems to be a very bad mechanism to ensure democratic control of the technology. There must be better ways, even naively assuming that OpenAI is somehow genuine about wanting to broadly share its stake in the future.

oliver-rock

This is 9 years old. Shows that Sam Altman has been thinking about this for a while https://blog.samaltman.com/american-equity

granzymes

>The proposal would also involve other US AI companies giving a similar stake to the government, the FT reported, although it is not clear yet whether companies such as Anthropic, Google and Meta would agree to the plan. I can't see Google or Meta shareholders agreeing to this? That said, Google, Meta, and SpaceX are all still founder-controlled using supervoting shares.

bitmasher9

In a proper capitalist society the government defines the rules of the market, aligned with the interests of several parties, and then companies compete within that well regulated and fair environment. The only incentive the government should have is to grow the entire market, so that they can collect more tax. There might be minor exceptions to protect key industries like food production or defense, but these should be a small as possible to ensure healthy competition. It’s something entirely different when the government starts taking a stake in individual companies instead of the market as a whole. This can easily bias the government to pick OpenAI for certain contracts, or enact laws that benefit OpenAI more than its competitors. It reduces competition which hurts the overall economy, and it is an obvious vector for corruption which hurts the efficiency of the government. It’s great if we can leverage AI to design the next great government system. A 5% stake feels more like a bribe to help push through some of these datacenter projects and enact friendly laws.

CuriouslyC

AI was already too big to fail, this just locks it in. Talk about a trojan horse.

Havoc

This smells like an incoming bailout

irthomasthomas

This feels more communist than communist China. They typically take about 1% in Golden Shares that give them a board seat.

elil17

It seems that the US may be in a process of signing itself up for many of the drawbacks of Chinese-style state capitalism (regulatory conflicts of interest, opportunities for politicians to rent-seek) with stakes small enough that the taxpayer will see little real economic benefit.

nok22kon

soft nationalization