Open AI Sam Altman laying out his blueprint for industrial policy in the world of AI.

R. K. Rooney has more in today's tech check. Definitely making the rounds today, Kate.

Definitely, Carl. Good to see you. So Sam Altman compares this to FDR's New Deal during the Great Depression.

Ambitious layout here among the CEO's new recommendations this morning.

Talks about a public wealth fund to capture growth in AI companies and then those

deploying AI going on and sharing those gains with the broader public.

So funding things like Social Security, also shifting from a payroll tax to taxing automated

labor to also fund other social security type things and overall sort of the safety nets out there.

Four-day work week, he also talks about containment playbooks as well for things like rogue AI

does come amid a wave of negative headlines around this technology, especially for job cuts.

We have seen mentions of AI job displacement on earnings calls, skyrocket, and then deep AI-related layoffs

cross-tech from meta to companies like Dell.

That negative sentiment could be a real headwin for OpenAI and other AI companies as they

look to go public.

I am told by a source close to that company that OpenAI is still on track to list as soon as

Q4.

They are actively meeting with bankers from what I'm told C, CFO Sarah Friar, has been building out their IR team. According to this person, Friar is going to make the call closer to the end of this year, depending on market conditions. There was a report by the information this weekend that Altman and Sarah Friar are at odds over some of the mega spending plans ahead of an IPO,

citing a source company, though, pushing back hard on that report, joint statement from those two

saying, in part, we are fully aligned.

They talk about durable access to compute at the core of open AI strategy.

They call it a key differentiator, and they say they have both been directly involved in every

consequential compute decision trying to negate some of the reporting out there.

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