OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration.
Altman's announcement comes after both Meta and Amazon announced plans to contribute $1 million to the inauguration.
OpenAI chief executive Sam Altman will join Meta (META) and Amazon (AMZN) in donating seven-figure checks to President-elect Donald Trump’s inauguration fund, as tech leaders work on improving their relationship with the incoming administration.
Donations to President-elect Donald Trump’s inaugural committee offer a “unique opportunity” to curry favor with the White House, experts told CNBC.
Get the latest news on the transition to the new administration of President-elect Donald Trump and a new Congress.
Trump has been a vocal critic of tech companies, and he signaled earlier this month that he won't shy away from antitrust enforcement. The incoming president nominated Gail Slater, who advised Trump on tech policy during his first term, to head the Department of Justice's antitrust arm.
Sriram Krishnan, former Andreessen Horowitz general partner, has been named Trump's senior policy advisor for AI.
WASHINGTON (TNND) — As President-elect Donald Trump prepares for his second term, his approach to technology policy is becoming clearer, with significant implications for major tech companies and the apps used daily by millions.
According to media reports, Amazon, Meta, and OpenAI 's chief Sam Altman have all made donations to the fund in recent days. An inaugural fund is a fundraising effort that supports the inauguration of the new president as well as its related events.
Donald Trump's second inauguration offers wealthy donors and big companies one final chance to make nice before Trump returns to power.
The latest trend among business leaders? Cutting a $1 million check to Donald Trump's inauguration fund.
Mr. Altman and OpenAI have recently hired key executives who previously worked for the Clinton, Obama and Biden administrations.