President Trump has publicly floated the idea of the federal government taking ownership positions in leading AI companies, and CNBC reports the administration has in fact been discussing an equity stake directly with OpenAI. Asked aboard Air Force One about the concept, Trump said he has been talking to AI executives about, in his words, concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies. That framing turns what would normally be a regulatory relationship into an ownership one, and it arrives precisely as OpenAI, Anthropic, and xAI all move toward public offerings.
The mechanism under discussion is striking. Per CNBC, some of the government's equity could seed a Public Wealth Fund that OpenAI itself has proposed, with proceeds distributed directly to citizens so that, as the company puts it, more people participate in the upside of AI-driven growth regardless of their starting wealth. Bloomberg reports that Sam Altman has been floating the notion of a government stake in major AI companies since early 2025, so this is not a purely top-down idea. It also fits a broader pattern from this administration, which took a ten percent stake in Intel last year as a condition of support for the struggling chipmaker.
What makes the moment unusual is the cross-ideological convergence. On the left, Senator Bernie Sanders this week proposed a one-time fifty percent tax that companies like OpenAI, Anthropic, and xAI would pay in the form of stock, arguing it would give the public a direct role in determining the future of the technology and guarantee that the trillions potentially generated by AI improve everyone's lives. David Sacks, who recently stepped down as the administration's AI and crypto czar and now co-chairs the President's Council of Advisors on Science and Technology, said he understands why the Sanders idea resonates, including with many on the right, but warned that it would accelerate the corporate-government fusion the country is already sliding toward.
For an industry whose independence from the state has been a foundational assumption, the implications are large. A government that owns equity in a frontier lab has financial incentives entangled with that lab's commercial success, its safety posture, and its competitive standing against rivals, foreign and domestic. Former Microsoft engineer Dare Obasanjo captured the cynical read, suggesting the groundwork is already being laid for a government bailout of OpenAI. Whether this lands as a sovereign wealth vehicle, a backstop, or merely campaign rhetoric, it signals that the relationship between Washington and the frontier labs is being renegotiated in real time, and ownership is now on the table.