OpenAI proposes 5% US government stake worth $42.6bn amid mounting regulatory pressure

Reviewed byNidhi Govil

8 Sources

Share

OpenAI is in early talks to give the US government a 5% equity stake worth roughly $42.6 billion as the ChatGPT maker navigates increasing regulatory scrutiny in Washington. CEO Sam Altman has pitched the proposal to the Trump administration, arguing it would share AI-driven economic benefits with the public through a mechanism similar to Alaska's Permanent Fund.

OpenAI Pitches Unprecedented US Government Stake

OpenAI has proposed giving the US government stake worth approximately $42.6 billion, representing 5% of the company's $852 billion valuation from its March funding round

1

2

. Sam Altman, the ChatGPT maker's CEO, has argued that giving the public a financial stake in the company represents the best approach to distribute AI-driven economic benefits, according to two people familiar with early conversations with the Trump administration

1

.

Source: ET

Source: ET

The proposal emerges as AI regulation intensifies across Washington, with both OpenAI and Anthropic recently experiencing delays in releasing cutting-edge models due to government scrutiny

1

5

. The Trump administration temporarily imposed export controls on Anthropic's latest models over cybersecurity concerns before lifting restrictions, while requesting a staggered rollout of OpenAI's GPT-5.6

5

.

Public Wealth Fund Model Targets Broader Industry Participation

The OpenAI 5% stake proposal extends beyond the company itself. Altman and other OpenAI executives envision each of America's leading AI developers allocating similar equity portions to a vehicle modeled after the Alaska Permanent Fund, a sovereign wealth fund that invests oil revenues into stocks and distributes dividends to state residents

1

4

. Under this framework, OpenAI would donate shares rather than sell them, avoiding direct cash outlays from the government

3

.

Companies potentially included in this arrangement are Anthropic, Google, and Meta, though none have confirmed willingness to participate

3

. The discussions remain "conceptual" and in early stages, with any deal potentially requiring an act of Congress to implement

1

4

.

Political Landscape Shapes AI Governance Debate

Altman has engaged in active talks about public ownership with President Donald Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent

1

4

. He has also spoken with Democratic Senator Bernie Sanders, who advocates for considerably more aggressive public-private partnerships in AI

1

4

.

Source: Cointelegraph

Source: Cointelegraph

Bernie Sanders has pushed for public ownership approaching half of each US AI company through a one-time 50% stock tax on the largest AI companies, which his office projects could seed a fund reaching $7 trillion

3

5

. This competing proposal highlights the divergence between voluntary, modest equity transfers and mandatory, large-scale wealth redistribution approaches

3

.

President Trump has previously expressed support for government ownership in AI companies. In June, Trump stated that the US taking an ownership stake in AI giants would be "a beautiful thing" and make Americans "partners in this revolution"

2

. The US government already holds a 10% stake in Intel Corp following an $8.9 billion investment in the chipmaker's common stock

2

.

Regulatory Scrutiny Intensifies Ahead of Public Listing

The proposal comes as OpenAI prepares for a public listing that may not occur until next year, following its confidential S-1 filing for a US initial public offering

1

5

. Anthropic is also preparing for a Wall Street debut, with some investors believing both companies could achieve valuations exceeding $1 trillion

4

.

AI labs face mounting challenges in Washington as concerns grow about vast data center construction and implications for jobs and cybersecurity

1

. The White House is preparing voluntary standards for frontier AI models, expected to be announced soon, which would establish security benchmarks, review timelines, and clarify access parameters for advanced AI systems

5

.

Source: ET

Source: ET

OpenAI's ownership structure complicates any equity transfer. The company completed a recapitalization last year splitting it into a nonprofit foundation and a for-profit public benefit corporation, with the foundation retaining a 26% stake and legal control

3

. Layering a government-held stake atop this structure would require decisions about voting rights, share placement, and whether existing control provisions need renegotiation

3

.

OpenAI has consistently advocated for mechanisms to distribute AI wealth. In April, the company proposed a public wealth fund providing "every citizen -- including those not invested in financial markets -- with a stake in AI-driven economic growth"

1

. The OpenAI Foundation stated in May that society will "likely need new approaches that give people durable stakes in the systems creating value," pointing to public or sovereign wealth funds as potential solutions

1

.

Today's Top Stories

© 2026 TheOutpost.AI All rights reserved