July 03, 2026
OpenAI Proposes Donating 5% Equity to US Sovereign Wealth Fund
OpenAI CEO Sam Altman has proposed giving 5% of the company's equity to a U.S. sovereign wealth fund. This move aims to ease tensions with the Trump administration and address public backlash against AI. By offering a financial stake to the public, OpenAI hopes to share the economic benefits of the AI boom more broadly.
New Product Launches
Industry Moves
Microsoft has committed $2.5 billion to launch its own AI deployment company, joining the ranks of Amazon, OpenAI, and Anthropic in the AI deployment space. Meanwhile, Anthropic is in discussions with Samsung to develop a new custom AI chip, following OpenAI's recent partnership with Broadcom.
Notable Takes
Mark Zuckerberg expressed disappointment over the slow progress of AI agents at Meta, highlighting the challenges in AI development. This sentiment echoes broader industry concerns about the pace of AI advancements.