Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › OpenAI proposes handing Trump administration 5% stake, FT reports
Technology

OpenAI proposes handing Trump administration 5% stake, FT reports

OpenAI proposes handing Trump administration 5% stake, FT reports
Channel News Asia Thursday 02 July 2026, 04:27 UTC 1 min read
Key Points

OpenAI proposes handing Trump administration 5% stake, FT reports July 2 : OpenAI has discussed giving a 5 per cent stake to the U.S. government, the Financial Times reported on Thursday. The proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, the report said, adding that it was not clear if the other AI firms would be willing to do so. Reuters could not immediately verify the report.

OpenAI proposes handing Trump administration 5% stake, FT reports July 2 : OpenAI has discussed giving a 5 per cent stake to the U.S. government, the Financial Times reported on Thursday. The proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, the report said, adding that it was not clear if the other AI firms would be willing to do so. Reuters could not immediately verify the report. OpenAI and the White House did not immediately respond to Reuters requests for comments outside regular business hours.
Trump (ORG) U.S. (LOCATION) the Financial Times (ORG) U.S. AI (ORG) AI (ORG) the White House (ORG)
Originally published by Channel News Asia Read original →

Related Stories

Beijing’s liaison office in Hong Kong restructured, stressing youth, district work

Beijing’s liaison office in Hong Kong has been restructured, with the economic department split into two and its district-level groups expanded, a move that an analyst said reflected the central government’s greater focus on financial, youth, and district work. A comparison of the office’s organisational chart on its website on Thursday with internet archive records showed that the number of departments had been reduced from 24 to 23, even as its Economic Department was split into two...

South China Morning Post 8m ago

BitGo: Volatility Strengthens Infrastructure Case

Jul 2nd, 2026 BitGo: Volatility Strengthens Infrastructure Case Angela Ang, APAC MD of BitGo, a digital asset infrastructure company, believes that shifts from retail speculation to institutional investors drive demand for secure custody and compliant infrastructure. Her comments come on the back of bitcoin falling to a fresh 21-month low. She speaks with Haslinda Amin on "Insight with Haslinda Amin."

Bloomberg Technology 19m ago

Rachel Roddy’s recipe for peppered mussels with salty chips | A kitchen in Rome

Sarawak peppercorns add their woody, citrus aroma to shellfish steamed in wine and served with crisp friesBlack Sarawak peppercorns have a soft, woody smell, like a forest floor mixed with lemon zest. Those things come through in the taste, too, along with a fruity sweetness. But then peppercorns, the tiny black balls I take for granted (and often forget about), are berries, which is something I didn’t know until I did a pepper tasting at my local spice shop, Emporio delle Spezie.

The Guardian UK 39m ago

Novo Owner Backs Italy Fund to Spur Drug Startups Beyond Denmark

Novo Owner Backs Italy Fund to Spur Drug Startups Beyond Denmark Novo Nordisk A/S’s biggest shareholder is investing in a new Italian startup accelerator, part of an effort to foster early stage life science companies across Europe. Novo Holdings is contributing €5 million ($5.7 million) of an initial €25 million in funding, with the rest coming from regional development agency Lazio Innova, according to a statement. The Rome-based accelerator will be run by Copenhagen-based BioInnovation...

Bloomberg Technology 39m ago