Reports suggest that the Trump administration is keen to secure a 5% stake in leading AI firm, OpenAI. While none of the companies have commented on these reports, other tech giants like Google and Meta are reportedly being approached for similar deals.

The push comes as concerns about artificial intelligence continue to grow among American citizens; recent polls show that more than half of Americans are not excited about it.

OpenAI CEO Sam Altman has argued that giving the public a financial stake in AI companies is the best way to share its benefits. However, other firms have been less enthusiastic. The New York Times reported last week that Meta has refused to share their frontier AI models with officials for safety testing.

Both political parties are aware that this could impact future elections and have called for tighter regulations on AI. To combat negative sentiment, OpenAI is proposing the creation of a sovereign wealth fund similar to Alaska’s Permanent Fund, which would invest oil wealth into stocks and pay dividends to residents.