AI companies already rely on government decisions. Those connections are likely to become even more important as AI models grow larger and more expensive to build.

But governments are expected to regulate powerful companies fairly and independently. Becoming a shareholder in one of those companies could make that relationship look unethical, even with the best will in the world. Public trust often depends as much on appearances as on legal structures. Especially since there’s even less sense that OpenAI’s competitors like Google, Anthropic, or Meta will follow suit.

A government stake does not automatically mean the public owns part of OpenAI in any meaningful way, and it certainly does not guarantee anyone will personally benefit. So even if the proposal starts to become more real, skepticism and a close eye on any actual agreements is a healthy approach.