AI news3
Trump administration weighs taking a government equity stake in OpenAI
The White House and OpenAI are in talks over a possible US government equity stake in the company, which OpenAI could donate to seed a "Public Wealth Fund" that lets citizens share in AI's upside. President Trump confirmed the discussions to reporters on Friday, saying "pieces could be given to the American public." The administration has already taken stakes in Intel and IBM during this term, and reports say similar conversations have touched other labs including Anthropic. OpenAI is valued at more than $850 billion and is preparing for an IPO.
techcrunch.com ↗Why it matters
A government stake in a frontier lab would blur the line between regulator and shareholder, reshaping how AI power and profit are distributed.
White House issues an executive order on advanced AI innovation and security
The administration signed an executive order, "Promoting Advanced Artificial Intelligence Innovation and Security," directing federal agencies to harden government systems with AI-enabled cyber defences. It also sets up a voluntary framework under which developers would give the government up to 30 days of pre-release access to "covered frontier models." Agencies face deadlines of 2 July and 1 August, and the order leans on collaboration with industry rather than mandates.
whitehouse.gov ↗Why it matters
It signals a light-touch, security-first federal approach that favours voluntary cooperation over hard regulation.
Sriram Krishnan steps down as the White House's top AI adviser
Sriram Krishnan, the White House senior policy adviser for AI, told officials he will leave at the end of June to start an outside institution focused on technology policy. A former Andreessen Horowitz partner, he shaped the administration's pro-industry AI agenda. He gave no specific reason but plans to keep influencing AI policy from outside government.
techcrunch.com ↗Why it matters
Losing the architect of the administration's AI stance creates uncertainty just as Washington makes its biggest moves on AI yet.
AI in the nonprofit sector1
Two AI funding rounds for nonprofits close in the coming days
A quiet week for nonprofit-specific AI news, so this is a practical reminder on two open grant rounds flagged earlier in the week that are about to close. The Survival and Flourishing Fund's AI safety grants, worth a combined $14 million to $28 million across three tracks, close on 10 June. F5's STEM and AI education grants, ten unrestricted grants of $50,000 each for nonprofits serving underserved communities across Africa, Asia and Latin America, close on 14 June.
www2.fundsforngos.org ↗Why it matters
Both deadlines are days away, so any org still planning to apply needs to move now.