Trump to Consider Government Stakes in AI Companies; Knicks Win

President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Trump said he had already spoken to the companies about the idea, though he offered no specifics on those conversations. In his remarks, he addressed news reports that the administration would put the stock into a government-run wealth fund that would redistribute some of the financial windfall to the public and signaled his openness to that idea.

President Trump also said he will attend the NBA finals at Madison Square Garden on Monday. The Knicks have won both games of the NBA Finals so far against the San Antonio Spurs. Resale tickets for the game are being sold for thousands of dollars.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Annmarie Hordern, Co-Host of Bloomberg Surveillance and Bloomberg Television Chief Political Correspondent, on President Trump's comments to reporters on Air Force One regarding a meeting next week with "all of the big" AI companies.

- Grindr CEO George Arison, who says that companies concerned about AI spending are "not well-managed," and speaks about the app looking to expand its offerings into live events.

- Danielle Muoio Dunn, State Tax Policy Journalist at Bloomberg Tax, on New York offering a tax credit to keep Broadway shows from opening in other cities.

Plus, David, Christina, and Lisa play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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