President Donald Trump is reportedly ruling out nationalizing artificial intelligence labs like OpenAI and Anthropic, but is looking at taking an equity stake in them instead, modeled on the government’s stake in Intel Corp. (NASDAQ:INTC).
‘I Might. ’ In an interview with Time earlier this week, Trump was asked why he wouldn’t do an Intel-kind deal with OpenAI and Anthropic, he responded, saying, “I might.
Maybe I could do that. ” The Intel deal made “like $60 or $70 billion,” he said, adding that he told Nvidia Corp.
” The President spoke to Time on Monday and the interview was published on Thursday. The White House did not immediately respond to Benzinga’s request for comment.
Read Also: Nike, Corteva, Mattel, Accenture and Coherent: Why These 5 Stocks Are on Investors' Radars Today OpenAI Floated a Similar Deal OpenAI has reportedly considered offering the government a 5% equity stake as part of a broader push to deepen ties with the administration, with CEO Sam Altman holding preliminary talks with the government on distributing AI-driven financial gains to the public, the Financial Times reported in July. 9% is one of several the administration has taken in public companies, including stakes in MP Materials Corp.
(NYSE:MP) , Lithium Americas Corp. (NYSE:LAC), Trilogy Metals Inc.
(NYSE:TMQ), and a “golden share” in US Steel Corp. 23 in extended trading.
Benzinga Edge rankings indicate Intel’s stock has a Momentum score in the 98th percentile and a positive price trend across the short, medium, and long term. See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
