OpenAI proposes handing Trump administration 5% stake | Hacker News Reader

OpenAI proposes handing Trump administration 5% stake

ft.com

> The proposed arrangement would involve other US AI companies handing over a similar stake, although it is not clear if the other labs would be willing to do so.

They will be willing to do so if the government threatens to block their models, which they have already done.

I wonder to which extent this has always been how things worked and it was just hidden from the general public, and how much of it is a new level of corruption.

> Altman and other OpenAI executives have suggested that each of America’s leading AI developers allot 5 per cent of their equity to a vehicle like the Alaska Permanent Fund, a sovereign fund that invests the state’s oil wealth into stocks and pays dividends to the state government and residents.

Sounds like it is for benefit of public rather than govt' office, and this would continue to benefit public even after current US administration is out of picture.

Despite how I think "government owns shares in all businesses" is a perfectly decent way to organise taxation, manage national security concerns, fund UBI, etc., with this government in particular it reeks of cronyism.

It's not like Altman's teflon coating has been remaining intact, neither.

In general it it is ridden with bad incentives and conflicts of interests.

It is kinda like funding the police with ticket and asset forfeiture revenue.

We already have personal income tax and corporate taxes so that the government gets a cut of Revenue.

https://archive.is/jafKB

Altman, chief executive of the ChatGPT maker, has argued that giving the public a financial stake in the company is the best way to share the upside of AI

Nothing is free. What are the strings?

Strings not needed. If you’re putting billions of dollars in a box, you need people to manage it, people to sell it and buy things with the proceeds, people to argue with problem who disagree with you about the previous points, et cetera.

next up: open weight models are extremely dangerous to our democracy :)

This is much less than the 50% that Bernie Sanders wants.

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