Washington (Web Desk): Leading artificial intelligence company OpenAI has reportedly proposed offering the Trump administration a 5 percent stake in the company in an effort to strengthen its relationship with the U.S. government.
According to a report by the Financial Times, two people familiar with the matter said the proposal was made to reduce potential disagreements with the government ahead of the company's expected Initial Public Offering (IPO).
The report said that OpenAI also proposed that other U.S. artificial intelligence companies, including Anthropic, consider offering similar equity stakes to the U.S. government.
The development comes at a time when the U.S. government is pursuing a policy of investing in or acquiring stakes in key companies. According to the report, the government acquired nearly a 10 percent stake in Intel and a 15 percent stake in MP Materials last year.
According to the report, amid growing public concern over the expanding use of artificial intelligence and its potential economic impact, particularly fears of job losses, OpenAI's proposal is being viewed as an effort to strengthen ties with the government and maintain a favorable regulatory environment.
However, neither OpenAI nor the U.S. government has so far issued an official response to the report.