AI & Tech
OpenAI Considering Giving Trump Administration 5 Percent Stake Worth $42 Billion
Heresy Financial
The Death of Capitalism
"Open AI right now is considering giving a 5% stake to the Trump administration in order to ease political pressure. If you want to smooth over everything politically and you want a straight line from regulations to benefit you instead of everybody else, just give the government a stake. A 5% holding of OpenAI would be worth approximately $42 billion at their most recent valuation."
OpenAI is reportedly considering transferring a 5 percent equity stake valued at approximately $42 billion to the Trump administration to reduce political pressure and secure favorable regulatory treatment. The speaker characterizes this as a strategic move to eliminate competition rather than altruism, part of a broader trend where companies partner with government to gain regulatory advantages.
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