OpenAI proposes 5% equity stake to US government as IPO strategy

According to a July 4 report, OpenAI proposed granting Washington a 5% equity stake (worth approximately $42.6 billion at current valuation), with other major AI labs offering equivalent stakes funneled into a structure similar to the Alaska Permanent Fund. The proposal is part of OpenAI's strategy to prepare for a September IPO, aiming to transform the government from regulator to stakeholder. Securing a $52 billion Bank of America credit line is also related to this effort.