Altman is understood to have raised the idea with President Donald Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent, and has spoken with Senator Bernie Sanders (I-Vt.) in recent weeks. The all-labs structure would pull equity from companies, including Google , Meta, and Anthropic, none of which have indicated they would participate. OpenAI declined to comment to the FT , and the White House didn’t immediately respond.
Altman’s 5% is the smallest figure we’ve seen to date attached to public ownership of the AI sector. Sanders filed the American AI Sovereign Wealth Fund Act in June, seeking 50% of the voting shares of U.S. AI companies through a fund his office valued at $7 trillion, enough to pay every American a $1,000 annual dividend. Trump said last month that he was exploring options to give the public a stake in leading AI firms, and Vice President JD Vance said the president prefers equity over cash payouts.
The administration has already run this playbook on chipmakers, with the federal government having taken a 9.9% stake in Intel last August by converting CHIPS Act grants into equity at $20.47 per share, and AMD and Nvidia agreed to hand over 15% of their China chip revenue in exchange for export licenses. OpenAI itself proposed a “public wealth fund” in an April policy paper, and Altman first pitched a government stake to the administration in early 2025, CNBC reported last month.
News of the talks comes just six days after OpenAI delayed the full public launch of GPT-5.6 at the government’s request, with Lutnick reportedly warning Altman against releasing the model without prior approval. Anthropic spent most of June with its Claude Fable 5 and Mythos 5 models disabled worldwide under the first U.S. export controls ever applied to an AI model rather than to hardware; access was restored yesterday .
OpenAI's ChatGPT-5.6 gets the same banhammer treatment as Anthropic’s Mythos from the federal government
Bernie Sanders pushes for 50% public ownership of American AI companies
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/artificial-intelligence/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/artificial-intelligence/openai-floats-5-percent-government-stake-days-after-washington-delayed-gpt-5-6#main
- https://www.tomshardware.com/subscription
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Informational only. No financial advice. Do your own research.