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The story behind the story

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President Trump says he is weighing proposals for US government to hold equity stakes in leading AI labs, and will soon discuss the idea with their executives

and block oligarch decisions that harm the American people. [video]

Bloomberg

Discussion

  • @davidsacks David Sacks on x
    While I'm no fan of socialism or arbitrary confiscations of wealth, I can see why Bernie Sanders' proposal (for the government to take a 50% stake in AI companies) resonates, including with many on the right. The CEOs of the leading AI labs have told us repeatedly that they will
  • @berniesanders Bernie Sanders on x
    I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America. This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people. [video…
  • @jakesherman Jake Sherman on x
    The Trump-Bernie Sanders plan.
  • @josh_wingrove Josh Wingrove on x
    (Bloomberg) — President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies' executives as soon as next week.
  • @danprimack Dan Primack on x
    If every company soon will be an AI company to some extent, much like every company became an Internet company to some extent, is the US government gonna take equity stakes in all of them?
  • NewsMax.com NewsMax.com on x
    Trump Says His Team Will ‘Look Into’ US Taking Stake in AI Companies
  • @garymarcus Gary Marcus on x
    Absofuckinglutely called it. Nationalized stakes are just a bailout by a different name. Here we are seventeen months later, and the fleece the taxpayer game is on.
  • @dareasmunhoz Diego Areas Munhoz on x
    TRUMP says “ALL” AI companies coming to the WH for a meeting, “possibly next week,” he said. He indicated government stakes in the companies may be on the agenda
  • @luke_metro @luke_metro on x
    [image]
  • @acyn @acyn on x
    Trump on possibly taking stakes in AI companies: There are concepts where pieces could be given to the American public—where the American public essentially becomes a partner Reporter: Senator Bernie Sanders proposed this. Trump: I've been talking about it for the past year. [vid…
  • @adamthierer Adam Thierer on x
    I see the idea of AI socialism is back in the news again today. I'll just reiterate what I've said here many times before: The idea of nationalizing AI - whether “hard” (complete govt ownership) or “soft” (equity stakes) nationalization - should be rejected in all its forms. It
  • @anton_d_leicht Anton Leicht on x
    if this is how the US tries to solve the inequality and revenue challenge, that's really bad news. if it actually works, it's the ultimate regulatory capture, interweaving the US budget and the AI labs' fate. talk about an incentive for backstops and regulatory concessions!
  • @mgsiegler M.G. Siegler on x
    Couple months back... https://spyglass.org/... [image]
  • @anton_d_leicht Anton Leicht on x
    among redistributive solutions, this direct stake concept is uniquely hard to internationalise. USG won't want other countries crowding in, shares are expensive and labs have no incentive to cease them. if this solves redistribution in the US, it pulls up the ladder right after.
  • @petereharrell Peter Harrell on x
    Government equity in the AI companies strikes me as the wrong approach. The government should tax and regulate them, and potentially distribute the taxes as a dividend. But ownership risks giving the gov't control outside of public view and potentially the wrong incentives.
  • @noahpinion Noah Smith on x
    Honestly this is good
  • @sidprabhu Sid Prabhu on x
    This is the road to techno-fascism. These companies will use this to prevent competition, harness all our data and make themselves too big to fail. They will become Big Brother.
  • @robertgraham Robert Graham on x
    This means “confiscating” part of the company rather than investing in the company. This is an extraordinarily bad idea that's only been proposed by socialists (Bernie Sanders and Donald Trump).
  • @jstein_star Jeff Stein on x
    SCOOP: US officials have had talks about having government acquire shares in AI giants, sources say Altman has discussed w/ senior officials, including Trump. Did again recently May be *ceding* shares to USG - not a purchase Shares could go 2 dividend https://www.notus.org/...
  • @jstein_star Jeff Stein on x
    Wall Street Journal confirming our reporting today, with some new details that gov shares in OpenAi could go to Trump account-type program by @AmrithRamkumar & co [image]
  • @danieldbunn Daniel Bunn on x
    I don't like the government getting involved in picking stocks. Even if they get the shares for free.
  • @danprimack Dan Primack on x
    This is basically the Bernie proposal. Really never expected that electing Trump would push U.S. govt so far toward actual socialism (not even a judgment call — just surprise).
  • @jimstewartson @jimstewartson on x
    They're trying to guarantee their own survival by giving Trump motivation to bail them out when they need hundreds of billions of dollars. This is some East India Trading Company shit. The broligarchy is attempting a hostile takeover.
  • @chairmankefka Chairman Kefka on bluesky
    Lol already becoming state owned enterprises?  —  Can't wait to hear MAGA continue to message how much of a danger communism is [embedded post]
  • @wowbaggert @wowbaggert on bluesky
    Guy whose company is floundering pitches idea for government to give them giant bags of money.  US officials, who are tech stupid and gullible, consider the idea.  [embedded post]
  • @noahpinion Noah Smith on x
    Honest it's necessary
  • @davetroy Dave Troy on x
    Y'all, since we're doing state capitalism, when does the next 5 year plan drop? Hate to tell you, but a lot of these ‘free market’ yahoos are actually super into communism also. #NazBol
  • @miles_brundage Miles Brundage on x
    Hard to think of a way the boards of these companies could justify this as advancing their (not just US focused) mission, or being fair to investors, the associated nonprofits etc. I hope they push back, especially in the OAI case, since reportedly OAI first brought it up (!)
  • @atrupar Aaron Rupar on x
    Trump says he's interested in the government taking equity stakes in the giant AI companies like OpenAI or Anthropic: “There's something very interesting about it, where it almost becomes a partnership with the American public. The American people can benefit from the success of …
  • @jstein_star Jeff Stein on x
    The trajectory of this is very similar to the stimulus checks debate, and economic populism generally. Bernie Sanders goes very big on something, most Dems don't want to go there, and Trump does a (much) more business-friendly version of the economically populist plan
  • r/neoliberal r on reddit
    Trump administration, OpenAI discussing possible government stake in the AI startup
  • r/wallstreetbets r on reddit
    US administration discussing government stake in OpenAI
  • @carnage4life Dare Obasanjo on bluesky
    The groundwork is already being laid for a government bailout of OpenAI.  This in itself will guarantee an IPO pop as the assumption is they're now “too big to fail.”  —  The U.S. taxpayer as bag holder is undefeated.
  • r/politics r on reddit
    Trump administration, OpenAI discussing possible government stake in the AI startup