OpenAI just offered the US government a 5% ownership stake, and host Emily Laird checks the receipts on what that $42.6 billion gift actually costs. This episode traces the timeline from frozen model releases to a confidential IPO filing, and explains why handing equity to your regulator looks less like patriotism and more like the most expensive insurance policy in corporate history. From the Alaska Permanent Fund plumbing to Bernie Sanders wanting ten times more, the whole deal gets priced out in plain English. It's a reality check on who owns what when the referee asks to join the team.

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You now know more about OpenAI's repoted government gift than you did before you arrived.