Comment Ah yes... (Score 2) 20
Altman wants some public ownership, but not 50% which, presuming it would be a voting stake, would actually potentially matter for decision making. It's not a majority but if enough private market shareholders side with the public ownership, then it matters.
Instead, he wants enough for the public to have a stake specifically in the "approved" AI companies so that the companies are unambiguously "too big to fail". A chance to hold hostage a big enough chunk of wealth so that the government is stuck doing whatever it can to protect and ensure the selected companies, whether it be in the face of a souring market or upstart companies that didn't have the good fortune of being selected by the company. Meanwhile, the actual governance and decision making remain firmly status quo. Including decisions about how much to send back to "investors" and how much to "reinvest" (including setting their own compensation). They may even structure it so they can classify public ownership differently from private market, and reward investors in each class differently.
Just another ambition to privatize the gains and socialize the losses.