President Donald Trump personally participated in the talks.
President Donald Trump personally participated in the talks.
@DowdEdward I ssoooooo appreciate your take on these things.
@AdamThierer @pmarca 💯
Absolutely brutal day for AI fantasies: Nvidia $NVDA: down 6.2% Broadcom $AVGO: down 7.92% Coreweave $CRWV: down 7.07% Nebius $NBIS: down 12.27% Oracle $ORCL: down 9.59% Worst of all? OpenAI is rumored to be looking for government to invest, a huge sign of weakness. Less than 24 hours after the S&P said no to fast-tracking, things are looking very different.
🚨 TRUMP IN TALKS TO NATIONALIZE AI LABS >“american public essentially becomes a partner with the ai companies” >openai. anthropic. spacex >“i have spoken to ALL of them” >“they’re all coming to the white house next week” >reporter: “bernie sanders proposed 50% public-private partnership” >trump: “we’re not that far apart” ITS HAPPENING
NOTUS is reporting that senior administration officials have held discussions with major AI labs - including OpenAI - about the possibility of those labs giving the government equity stakes by voluntarily ceding shares. The returns from those shares could eventually be directly distributed to American citizens through an AI dividend.
Hard to think of a way the boards of these companies could justify this as advancing their (not just US focused) mission, or being fair to investors, the associated nonprofits etc. I hope they push back, especially in the OAI case, since reportedly OAI first brought it up (!) https://twitter.com/jstein_star/status/2062969790503756198
I’m against gov’t “taking”/ nationalizing AI labs / other AI biz - terrible slippery slope / crony capitalism etc. BUT I’m encouraging founders / companies to donate shares for the direct benefit of all citizens thru a pooled private acct or ideally in their @TrumpAccounts. 🇺🇸 https://twitter.com/jstein_star/status/2062887246617800750
SCOOP: US officials have had talks about having government acquire shares in AI giants, sources say Altman has discussed w/ senior officials, including Trump. Did again recently May be *ceding* shares to USG - not a purchase Shares could go 2 dividend https://www.notus.org/technology/trump-ai-stake-openai
Wow…this is a tell people. There is no path to profitability. They need to socialize losses. https://twitter.com/cnbctech/status/2062958569654251822
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