President Trump wants the biggest AI companies in America to start sharing the wealth. On June 10, he announced expectations that leading AI firms would agree to “give back to the public” through mechanisms like profit-sharing arrangements or equity stakes, framing the push as a natural evolution of the government’s existing partnerships with the tech sector.

The Intel playbook, scaled up

Trump pointed to the US government’s 10% stake in Intel as the template for what an AI-public partnership could look like. Discussions with AI leaders reportedly began as early as 2025, with OpenAI CEO Sam Altman among the key figures involved in shaping the framework.

Both OpenAI and Anthropic have filed for IPOs. That timing is not coincidental. When companies are about to go public, they tend to be more receptive to conversations about giving things away, especially when the person asking controls the regulatory environment they operate in.

Regulatory teeth behind the handshake