JD Vance confirms White House proposal to buy state-owned equity stakes in OpenAI, Anthropic, and xAI via sovereign wealth fund

BREAKING: JD Vance just admitted the White House plan is to take ownership of every major AI company in America.

This is the largest reshaping of American capitalism since the New Deal.

And almost no one in finance is talking about it yet.

Here's why this is a much bigger story than it sounds:

Vance didn't pull this idea out of nowhere.

He said it on the latest "The Diary of a CEO" this week:

"The president is supportive of the United States owning these big AI companies. He likes the idea as sort of a sovereign wealth fund idea of the United States taking some stake in these AI companies."

Read that again.

The Vice President of the United States confirmed the administration wants equity in OpenAI, Anthropic, and xAI.

Not regulate them.

Not tax them.

Own them.

It gets crazier.

The host pointed out that Bernie Sanders wants the public to own 50% of AI companies.

Vance's response: "He likes that idea. I don't know that he would say 50% but he does like that idea."

And the template already exists:

Last August, the Trump administration converted Intel's CHIPS Act grants into equity.

The government took a 10% stake.

Cost basis: $20.47 per share.

Total investment: $8.9 billion.

Intel closed Thursday at $133.82.

That stake is now worth $67 billion.

A $58 billion gain in 10 months.

A 650% return.

Now they're running it on AI.

Let's do the math on what that means:

OpenAI is valued at $852 billion.

Anthropic is fielding $800 billion bids on the secondary market.

xAI merged into SpaceX at $1.25 trillion.

SpaceX IPO'd and closed day one near $2.1 trillion.

Add Meta AI, Google DeepMind, and the AWS infrastructure layer.

You're staring at $5 trillion in AI value openly being considered for partial nationalization.

A 10% stake across that universe is $500 billion.

Bigger than every hedge fund in America combined.

Vance laid out the reasoning himself.

The industrial revolution made rich people way richer.

Workers stagnated.

The political consequences were catastrophic.

His exact words: "We're going to wake up and we're going to realize that rich people have gotten way richer."

Translation: the White House thinks letting OpenAI and Anthropic compound into multi-trillion dollar monopolies is a political time bomb.

Their solution isn't to break them up.

It's to own them.

This is a completely different relationship between the state and capital than anything Wall Street has modeled.

For 40 years, the Republican playbook was simple.

Deregulate, cut taxes, let founders capture the upside.

What Vance just described is the opposite...

The line between US AI policy and US AI ownership disappears.

The investors who survive this aren't the ones guessing which lab Washington takes first.

They're the ones whose strategy was already running before the headline hit.

Rules based. Automated. Indifferent to whatever the Vice President said on a podcast at midnight.

That's exactly what Surmount was built for...