OpenAI has reportedly discussed giving the US government a 5% equity stake in early Trump administration talks as Washington tightens AI model oversight. OpenAI, the company behind ChatGPT, has reportedly discussed giving the US government a 5% equity stake as artificial intelligence oversight in Washington intensifies. The company raised the idea in early discussions with the Trump administration as it seeks to navigate a tougher political environment ahead of a potential public listing, the Financial Times reported on Thursday, citing people familiar with the matter. OpenAI CEO Sam Altman argued that giving the public a financial stake in the company would be the best way to share the economic benefits of the booming AI industry. Read more
Memecoin sales and royalties made the most money for Trump last year, more than all of his golf courses combined. US President Donald Trump’s cryptocurrency ventures generated more income for him in 2025 than his real estate and resort businesses, according to his latest financial disclosures. Donald Trump’s annual financial disclosure report was released by the US Office of Government Ethics on Tuesday, revealing more than $1.4 billion in income from crypto-related ventures last year. The filings show Trump has profited substantially from an industry that he’s simultaneously regulating, which critics say creates a conflict of interest. In 2025, his administration pushed pro-crypto policy, a friendlier regulatory environment and executive orders favorable to digital assets, while his family’s ventures generated vast income as crypto markets surged to an all-time high. Read more
WASHINGTON: President Donald Trump has unveiled a rendering of a new limited-edition US passport to mark the country’s 250th anniversary of independence — featuring his stern-faced likeness. “The USA’s New Passport, which says, ‘Welcome, but be good!’” Trump said in a post on his Truth Social platform featuring the passport mock-up. The image features a glowering Trump leaning on his desk and his signature, with the text of the Declaration of Independence in the background. It appears to be based on a portrait taken by White House photographer Daniel Torok. The opposite page shows a painting depicting the declaration’s signing in 1776, with the words “United States of America 250.” White House calls it ‘Patriot Passport’ The White House posted the same passport rendering, with the words “PATRIOT PASSPORT”. The State Department, which had previously announced that a commemorative passport with “custom artwork” would be available from July 6, did not immediately respond to a request for comment. In A...
The US Supreme Court handed President Donald Trump a victory on Thursday by backing the federal government’s authority to turn away asylum seekers when officials deem US-Mexico border crossings too overburdened to handle additional claims. The court, in a 6-3 ruling powered by its conservative justices, overturned a lower court’s finding that the policy violated federal law. The Republican president’s administration has said it may seek to revive the policy, known as “metering,” after it was dropped by Trump’s Democratic predecessor, Joe Biden. The ruling was one of two in immigration-related cases issued by the court on Thursday backing Trump. The metering policy allows US immigration officials to stop asylum seekers at the border and indefinitely decline to process their claims. It is separate from a sweeping policy to deny entry to asylum seekers at the border that Trump announced after returning to the presidency last year. That policy also faces an ongoing legal challenge. A demonstrator holds a sign a...