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OpenAI ‘in early talks to give 5% stake to US government’

theguardian.com

31–40 of 158 posts

Re: OpenAI ‘in early talks to give 5% stake to US government’

#31
post #21

This feels a bit off.. How is the government supposed to be able to regulate them impartially when they're literally invested in them. What if a competitive startup startup starts to really take away from OpenAi's profits and then all of a sudden requires some approval for merger with Anthropic for example, I don't know if I would trust the government to be fair in their decision here. Leaving aside the potential for…

I assume that’s why Altman wants the government as a co-owner.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#32
post #18

> Altman has also reportedly spoken with the Democratic senator Bernie Sanders in recent weeks. The senator has been pushing for the creation of a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the biggest AI companies. Bernie shooting for the moon here

The difference is that we can get to the moon

Re: OpenAI ‘in early talks to give 5% stake to US government’

#33
>The proposal would also involve other US AI companies giving a similar stake to the government, the FT reported, although it is not clear yet whether companies such as Anthropic, Google and Meta would agree to the plan.

I can't see Google or Meta shareholders agreeing to this? That said, Google, Meta, and SpaceX are all still founder-controlled using supervoting shares.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#34
post #21

This feels a bit off.. How is the government supposed to be able to regulate them impartially when they're literally invested in them. What if a competitive startup startup starts to really take away from OpenAi's profits and then all of a sudden requires some approval for merger with Anthropic for example, I don't know if I would trust the government to be fair in their decision here. Leaving aside the potential for…

I assume that’s why Altman wants the government as a co-owner.

Everything seems rotten with this administration.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#35
In a proper capitalist society the government defines the rules of the market, aligned with the interests of several parties, and then companies compete within that well regulated and fair environment. The only incentive the government should have is to grow the entire market, so that they can collect more tax. There might be minor exceptions to protect key industries like food production or defense, but these should be a small as possible to ensure healthy competition.

It’s something entirely different when the government starts taking a stake in individual companies instead of the market as a whole. This can easily bias the government to pick OpenAI for certain contracts, or enact laws that benefit OpenAI more than its competitors. It reduces competition which hurts the overall economy, and it is an obvious vector for corruption which hurts the efficiency of the government.

It’s great if we can leverage AI to design the next great government system. A 5% stake feels more like a bribe to help push through some of these datacenter projects and enact friendly laws.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#36
post #21

This feels a bit off.. How is the government supposed to be able to regulate them impartially when they're literally invested in them. What if a competitive startup startup starts to really take away from OpenAi's profits and then all of a sudden requires some approval for merger with Anthropic for example, I don't know if I would trust the government to be fair in their decision here. Leaving aside the potential for…

[deleted]

Re: OpenAI ‘in early talks to give 5% stake to US government’

#38

I know OpenAI has delayed their IPO by a year (i.e. not publicly traded, yet; so: no dividends), but wouldn't it be better for the Government/bottom 95% if instead of taking ownership, they taxed all tech-related stocks 5% every time they're traded – this is a perpetual stream of income, and would likely reduce speculative short-term trading... source: middle-aged electrician, owns a little stock (and would happily p…

That's a terrifying idea that would destroy the tech stock market as we know it. We already have incentives in capital gain taxes to encourage longer term ownership.

Feel free to send a 5% donation to the government in your taxes every time you trade your tech stocks.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#40

Isn't this what people wanted? The public to have access to the gains of these companies? I don't want public ownership of any private companies but this seems to be what slopulism leads us to

This is a trick to lock in "too big to fail" status and have leverage to lobby the government to ban "dangerous" Chinese models that are "robbing the taxpayer". 100% Trojan horse.
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