Sam Altman floats giving US government a 5% stake in AI firms

Russ Holmes3

The UK had one big tech company, and Cameron allowed it to be sold to SoftBank. Cameron also made another massive mistake, the name of which escapes me at the moment.

Brian1

Masa is SO fucked, my take.

̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷̸̶̵̷1

and by "bet the house", let's just say I mean...the house of saud. ahaha.

Lex9

We don’t need a piece of the company, just tax them at 70%

Tasha4

He has to get his cut

Cocothecat4

Government but make it a mob shakedown

Temporary Sanity3

From the Milwaukee Independent: “Trump’s regime, while not ideologically leftist, has enacted a series of state interventions and structural controls that in practical terms resemble the tools used by communist governments to direct and absorb national economic activity.”

💙💙💙💙bluegirl552

The "government" and trump will take it with him in his plane?

cool kevin49

Giving us 5% of a company that's $27 billion in the red is like offering up your berth on the Titanic right after it hits the iceberg.

bogwash24

Yo dog I heard you needed a bailout so we bailed you out before the bailout so you can get a bailout on top of your bailout

Tom19

That's a hell of a grift, offering up 5% of an entirely fictitious valuation. Would that translate in reality to being on the hook for a portion of their huge and growing debt?

jamrock45.bsky.social16

Translation: We're burning cash with no end in sight. I need to do this so I can tell investors that the Feds will bail us out when things go south.

Z.H. He11

once the regulator is also a shareholder, who exactly is overseeing whom? a 5% stake in an $852bn company gives the state 42 billion reasons never to slow this thing down.

buermann.bsky.social9

why do they always object to wealth taxes if they'll offer 5% state socialism to the first fascist they finance

gg9

gosh golly i love tech socialism

WaltNYC3

I catch a whiff of desperation

Michael2

Are we still calling OpenAI a start-up? What a scrappy little company.

sarahb1111.bsky.social2

It's not the front door quid people should be watching. It's the back door where the quo leaves with a nice carve out from no bid government contracts.

Becca1

Do these people understand that he is not a king and will be gone, hopefully real soon?

whoopsbuni1

It means it’s a massive bribe.

mmkeefe.bsky.social1

The upside of AI🤔I think this used to be called a bribe but nowadays it’s just the cost of doing business with the regime

you 🌚1

yeah, I mean, if the government is simply going to buy shares of these companies they are already starting the process of the bailout

mr. TIM3

non-expert steelman — giving the government a stake in its success of the company, which is good for AI and society and opposing side — it gives a stake in the *company* not the technology. Taxes encourage the gov’t to create a fertile economy for growth, and also spread the wealth

ψ̵ ̴A̷w̷a̸n̷t̷u̶r̴n̷i̶k̶ ̸ψ̵2

So America is going to go full Russia business wise, and everyone will be expected to pretend that this is not corruption.

[Redacted]1

If we also take a 5% stake in Google, and a 5% stake in Anthropic, and a 5% stake in X.AI, and a 5% stake in Meta... It might not be so bad. I do think they should take far more. And it should eventually include all the robotics companies, and even these space commercialization companies too.

Karsten Konrad 🇪🇺1

Star Wars "It's a trap!" meme...

Craig Hughes1

“Giving” or “allocating/selling”? Based on reporting not clear which. What kind of anti-dilution triggers would happen on a “gift” of 5% at $0??