The Trump administration and OpenAI are in discussions about a possible US government equity stake in the company, CNBC reported and TechCrunch aggregated. Neither the size nor structure of any stake has been set, and no terms have been decided; reporting says talks have run for more than a year, since CEO Sam Altman first raised the idea in 2025. Some equity could reportedly seed a "Public Wealth Fund," an OpenAI April policy proposal to route AI gains to citizens. Aboard Air Force One, Trump said "pieces could be given to the American public". A direct state ownership position in a leading AI lab would set a governance and conflict-of-interest precedent for federal AI oversight.