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OpenAI Floats 5% U.S. Stake Proposal As It Seeks To Ease Washington Pressure

OpenAI has reportedly proposed giving the U.S. government a 5% stake in the company, a move that would value the holding at about $42.6 billion and mark an unprecedented shift in the relationship between Washington and one of the world’s most influential AI companies.

According to the Financial Times, OpenAI CEO Sam Altman has argued in early discussions with the Trump administration that giving the public a direct financial interest in the company would be the most effective way to ensure Americans benefit from the rapid growth of artificial intelligence. People familiar with the talks said the proposal forms part of a broader effort to ease growing political scrutiny of the AI industry in Washington.

A Big Bet On Shared Upside

The proposal follows OpenAI’s record funding round in March, which valued the company at $852 billion on a post-money basis. At that valuation, a 5% equity stake would be worth approximately $42.6 billion, potentially giving the U.S. government a substantial financial return if the company continues to grow.

Whether the Trump administration is willing to pursue the proposal remains unclear. Neither the White House nor OpenAI immediately responded to CNBC’s requests for comment.

A New Model For AI Policy?

According to the Financial Times, the idea extends beyond OpenAI. The proposal reportedly envisions other leading U.S. artificial intelligence companies offering similar equity stakes to the government, although it remains uncertain whether competing AI developers would be prepared to follow that approach.

If adopted more broadly, the model would represent a significant departure from traditional U.S. technology policy. Rather than acting solely as a regulator, the government would also become a financial stakeholder in one of the country’s most strategically important industries.

Part Of A Longer Conversation

The latest discussions build on conversations that have been taking place for more than a year. CNBC previously reported that Altman first raised the possibility of a government stake with the Trump administration in early 2025.

OpenAI expanded on that idea in April by proposing the creation of a public wealth fund that would hold investments linked to AI companies and distribute part of the sector’s economic gains more broadly.

Government Ownership Is Not Without Precedent

Although unusual for the AI industry, government equity ownership is not without precedent. The U.S. government currently holds a 10% stake in Intel after investing $8.9 billion in the semiconductor company’s common stock. In May, President Donald Trump said he should have sought an even larger ownership stake, and in June he described U.S. holdings in AI companies as “a beautiful thing” that would make Americans “partners in this revolution.”

Taken together, the proposal suggests OpenAI is trying to reshape its relationship with policymakers as artificial intelligence becomes an increasingly strategic issue. Offering the government a direct share in the company’s future growth could help align public and private interests while easing concerns over the concentration of power within the AI industry.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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