State Equity In AI Companies

In August, Sam Altman floated the idea of handing the US government about five per cent of OpenAI, dressed up as a sovereign wealth fund for ordinary Americans. Around the same time, and with far less noise, the Indian government moved towards taking a one to two per cent share in Sarvam, the Bengaluru startup building foundation models, in exchange for a compute subsidy under the IndiaAI mission.…