CONNECT WITH US

Tech

Sam Altman no longer wants to fund political elections

CNBCTV - Tech logo

Published on

Sam Altman no longer wants to fund political elections

Sam Altman no longer wants to fund political elections

The OpenAI CEO expressed sympathy for those contributing to political campaigns, citing rising political and public pushback against their industry.

By CNBCTV18.com June 4, 2026, 3:46:53 PM IST (Published)
2 Min Read
Impact Shorts
CNBCTV18 on Google
Sam Altman no longer wants to fund political elections
OpenAI CEO Sam Altman has said he does not plan on financing political campaigns, distancing himself from the growing trend of Silicon Valley leaders pouring money into elections and political action committees.



The remarks come amid heightened scrutiny of the AI industry's spending on US politics and regulation.

“I would love to see money out of politics in general. I think that’d be a great thing to happen,” Bloomberg quoted him as saying.

He expressed sympathy for those contributing to political campaigns, citing rising political and public pushback against their industry.


“You can’t hold us to a different standard than all of our competitors. If they’re trying to use money to gang up on us, we have to be able to fight back,” Altman reportedly said.

However, Altman has a documented history of political giving.

In 2025, Altman donated $1 million to Donald Trump's 2025 inaugural fund.

Federal campaign finance records and multiple reports show that Altman has previously donated to Democratic candidates and causes, including former presidents Barack Obama and Joe Biden, as well as Democratic committees and state party organisations, according to Newsweek. He has also backed individual candidates such as Andrew Yang and Dean Phillips.

Also Read: Amazon unveils next-gen Proteus robot, commits €10 billion Europe investment; 25,000 jobs planned


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Google Preferred Source