OpenAI CEO Sam Altman has proposed giving the US government a 5% stake in the company, valued at around $42.6 billion based on recent valuations, to share AI's economic benefits and ease political pressure. This stake could rise to $50 billion if OpenAI reaches a $1 trillion valuation in a planned IPO. The proposal aims to create a government-backed investment model similar to Alaska’s Permanent Fund, encouraging other AI firms to follow suit. Discussions with the Trump administration are preliminary and may require congressional approval amid growing federal scrutiny of AI's impact and security risks.
OpenAI has proposed giving the U.S. government a 5% ownership stake valued at about $42.6 billion, following its recent $852 billion valuation. CEO Sam Altman believes this move would share the financial benefits of AI advancements with the public an...
After soaring in the second quarter with a combined $2 trillion gain, major semiconductor stocks including Micron, Intel, and AMD fell sharply at the start of Q3, with Micron dropping 11%, Intel 9%, and AMD 7%. The sell-off followed fears that AI inf...
The FTSE 100 fell by 54 points to 10,443 amid mixed UK manufacturing data and flat house prices. Oil prices fluctuated due to ongoing indirect US-Iran talks in Doha, causing market uncertainty. US tech stocks, especially chipmakers like Micron and Sa...
US stock markets ended the second quarter of 2026 with their best performance in years, driven by gains in chipmakers and optimism around AI and a potential peace deal with Iran. The Dow Jones, S&P 500, and Nasdaq all posted significant gains, with t...
In the second quarter, chipmakers Micron, Intel, and AMD saw historic gains, with their stocks rising over 180%, driven by expanding AI demand beyond Nvidia. Micron's market cap increased by about $920 billion due to surging memory prices, while Inte...
