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OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

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CitrixNews Staff
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OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain about the specifics.

According to the FT’s reporting, the donation would be meant to “secure good relations with the administration and … address political blowback.”

Originally reported by TechCrunch. Read the full story at the original source.