The president has touted his love for AI, but it’s the OpenAI boss who will benefit most from giving the US administration a 5 per cent stake in the start-up.

The proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, The Financial Times reported, adding that it was not clear…

Trump said in June that the U.S. taking an ownership stake in AI giants would be "a beautiful thing" and make American public "partners in this revolution."

OpenAI considers offering the US government a 5% stake to share AI boom benefits, amid rising regulatory pressures.