ownership

WASHINGTON — It was perhaps a surprising private overture from OpenAI Chief Executive Sam Altman to Sen. Bernie Sanders.

The meeting between the two had come just after the Vermont senator announced a plan for the public to take a 50% ownership stake in artificial intelligence companies such as OpenAI, using their stock to create a public wealth fund that would spread the fortune generated by AI behemoths.

Altman told Sanders that he, too, wants the public to have equity in AI companies. Though the CEO said he couldn’t support Sanders’ threshold of 50%, he nonetheless wanted to work with him to advocate for the general idea, according to people with knowledge of the conversation.

The nearly hourlong meeting in Sanders’ Senate office this week, held at Altman’s request, highlighted the inherent tension between AI powerhouses and policymakers as Americans are increasingly asked to accept the costs of the AI boom even as many remain unconvinced of its direct benefits. Yet it’s also creating odd political bedfellows fueled by populism as politicians from Sanders to President Trump embrace giving the public a stake in AI’s growth.

Speaking to reporters Friday on Air Force One, Trump described a potential partnership “where the American people can benefit from the success of AI” and said executives from leading AI companies will visit the White House, perhaps in the coming week, to discuss the idea.

“There’s something very interesting about it, where it almost becomes a partnership with the American public,” Trump said.

When reporters noted to the Republican president that Sanders, a democratic socialist and political independent, had proposed public ownership in AI companies, he pointed to similarities in their coalitions. The economic views of Trump voters and those who have supported Sanders for president, Trump said, “aren’t that far apart.”

Trump has embraced government investment in private companies in his second term, scrambling his party’s politics. His administration last year secured a 10% stake in the struggling Silicon Valley company Intel, and it considered a government takeover of Spirit Airlines earlier this year, although the airline couldn’t reach a deal and ultimately closed.

Public backlash

The positioning of leading figures such as Trump and Sanders comes as concerns about AI are emerging far beyond Washington.

In Michigan, Democrats recently clashed over Gov. Gretchen Whitmer’s appearance with Altman at the site of a major data center. Candidates such as New York Democratic House candidate Alex Bores have also made AI regulation a campaign issue by tapping into voters’ unease about the technology.

“This is a real change to society,” Altman told reporters this week. “I think it’s possible both that people can use AI a lot and like using it and also have anxiety about what it’s going to do for the future.”

Data center projects across the country have drawn opposition from residents concerned about electricity demand, water consumption and environmental impacts. Some states once eager to attract the facilities, including Ohio and Virginia, have moved to reconsider tax incentives.

“We need to pass legislation right now that says there’s not going to be any further data center development until they agree to pay for their own electricity, build their own grids and pay for their own water supply,” Sen. Josh Hawley of Missouri, a leading Republican skeptic of Big Tech, told the Associated Press.

Before arriving in Washington, Altman stopped in Michigan on Monday to appear alongside Whitmer, a Democrat, at the site of a 1.65 million-square-foot data center project. Whitmer’s team said the project will create more than 2,500 union construction jobs.

But it also drew criticism from local activists and some fellow Democrats, including Rep. Rashida Tlaib of Michigan, who called the project “disgusting.” She said she was “so disappointed” in Whitmer.

“It’s a very controversial topic right now and it’s coming from the ground up,” Sen. Elissa Slotkin, another Michigan Democrat, said about the grassroots resistance. “People feel very strongly about it.”

Whitmer defended her appearance, telling reporters afterward that “one thing’s very clear: Everyone has a cellphone in our pocket.”

“We are all, more and more, consuming technology and data, and these data centers are going to get built. So, my thought is if we can hold them to a high standard and do it in Michigan, that’s the best way to do it,” she said.

The tensions extend beyond data centers. On college campuses, commencement speakers have been interrupted by boos when discussing artificial intelligence. About 70% of college students see AI as a threat to their job prospects, according to a 2025 poll by the Institute of Politics at the Harvard Kennedy School.

Altman acknowledged those concerns. He said that while “the impact on jobs has been less than many people in our field expected,” he understands “that college students have a lot of anxiety about the future.”

Washington seeks an AI bargain

The idea that AI’s expansion is inevitable is increasingly shared by leaders across the political spectrum, even as they disagree sharply about how to manage it.

That reality was at the center of Altman’s conversations in Washington. In addition to Sanders, Altman met with Trump administration officials such as Michael Kratsios, the White House’s chief science and technology advisor, and congressional leaders from both parties.

Sanders’ team emphasized that the two did not reach an agreement on the main points that the senator made to Altman, including the 50% figure to ensure that the public has decision-making power. The senator also expressed opposition to the growing spending on elections by the AI industry.

“Unfortunately, Sam Altman did not commit to any of those,” Sanders spokesperson Jeremy Slevin said.

Altman, emerging from the conversation, described it as “great,” though noting that the two “obviously don’t agree on everything.”

How AI should be governed

Congress this week released a bipartisan framework that would establish the first broad federal approach to AI regulation while temporarily preempting many state laws.

Anthropic, one of OpenAI’s top competitors, has proposed mechanisms for coordinating pauses on advanced AI development if systems become too powerful.

The Trump administration has also begun constructing its own oversight structure, signing an executive order to establish a process for reviewing national security risks posed by advanced AI systems before their public release.

Sanders said he found the administration’s move notable after years of warnings that regulation could slow American innovation.

“Even these guys are beginning to catch on that there are legitimate concerns that have to be dealt with,” Sanders said.

Cappelletti and Kim write for the Associated Press.

Bill Plaschke’s and many Angel fans’ desire for Arte Moreno to sell his ownership of the Angels is an overkill. Granted, us Angels fans have suffered under Moreno’s ownership, and the Angels would be better off with new ownership, but over the years Moreno has done many positive and charitable things. I suggest that the Angels provide Moreno with a 10%, non-voting interest, regardless of who the new owners might be. That way the fans are happy, and Moreno will still have a rooting interest.

Michael Gesas
Beverly Hills

Bill Plaschke’s column urging Angels owner Arte Moreno to sell the team hits the bull’s-eye. Clear, concise and comprehensive, it highlights most factors leading the Angels to the bottom of MLB. Most factors, except a significant one: Moreno’s ownership incompetence has been facilitated by the group of sycophants he has apparently surrounded himself with. These same people are now hard at work imploring Moreno, “just don’t read The Times today.”

Rob Fleishman
Placentia

If Bill Plaschke were an attorney delivering closing arguments at a jury trial, his recent article regarding Arte Moreno’s ownership of the Angels would certainly produce a verdict. The jury has reached its decision: the defendant must sell the team.

Wayne Muramatsu
Cerritos

Dear Angels,

I’ll start off by saying it’s not you, it’s me. I tried staying faithful to you but Arte Moreno’s interference in our relationship has clouded my better judgment. I thought I could stick it out knowing how hard you are working trying to reel me back in. It’s not working and I must now turn my back and walk away. What we have now is a shallow affair and it’s not fair to you that the charade continue. In the end, I take great comfort in knowing someday, somehow you will find what you are looking for.

Mark Petrasso
Port Hueneme

The Lakers informed employees Wednesday there would be a round of layoffs as the organization continues restructuring under new ownership, according to multiple people.

Those familiar with the situation but unable to speak publicly confirmed to The Times that at least 15 people across multiple departments, including communications, marketing and sales, would be laid off.

Since Dodgers owner Mark Walter took over as the majority owner of the Lakers in a record-setting $10-billion deal that was finalized in October, the franchise has gradually overhauled both business and basketball operations.

The team hired a new assistant general manager this week, bringing Rohan Ramadas in from the New Orleans Pelicans to oversee strategy and data systems. The front office, led by president of basketball operations and general manager Rob Pelinka, will hire another assistant general manager focused on scouting and player development.

The Lakers functioned as a family business for more than 45 years under the ownership of the late Jerry Buss and his children. They blossomed into one of the premier sports teams in the world, but the ownership change brought swift business changes.

Former Dodgers executive vice president and chief marketing officer Lon Rosen became the Lakers’ president of business operations and created two positions to boost revenue and oversee business strategy.

Michael Spetner, who also most recently worked for the Dodgers, was hired as chief strategy and growth officer while Ryan Kantor, a former business executive with the Clippers, joined as the vice president of global partnerships.

Times staff writer Broderick Turner contributed to this report.

A city hearing concerning on-site alcohol sales provided the public a chance to air their opinions on the possible reopening of the Cinerama Dome and ArcLight Hollywood on Tuesday morning.

Though a final letter of determination is still to be issued, Tim Fargo, the associate zoning administrator in charge of Tuesday’s meeting, said he was “inclined to approve” the conditional-use permit under consideration. The permit would cover the Cinerama Dome, 14 adjacent auditoriums and a restaurant café with two outdoor spaces.

The Dome closed in March 2020 with the onset of the COVID-19 pandemic and in April 2021 it was announced that the venue would not be reopening. Film lovers in Los Angeles and around the world have since been hopeful the venue, seen by many as a symbol for Hollywood itself, could reopen.

During the meeting, Elizabeth Peterson-Gower, a land use consultant representing the owner and applicant Dome Center LLC, was asked if there was a timeline for reopening the theaters. She responded, “I too don’t have a schedule yet, but when I do, I’ll convey it to you.”

In a separate phone interview following the meeting Tuesday, Peterson-Gower referred to the approval of the conditional-use permit as a “milestone” in the process of reopening the theaters and added that ownership has noted the intense public interest around the Dome and the ArcLight and that “it will inspire a time frame in the near future.”

Throughout the meeting, Peterson-Gower referred to the success of the Blue Note jazz club that opened on a corner of the property in August 2025.

“What it proves to me is that the ownership cares greatly,” Peterson-Gower said after the meeting. “That’s a big undertaking and a big statement in favor of the fact that ownership care what’s there.”

Numerous other voices were heard throughout the hearing as well. Ted Walker, planning deputy for Council District 13, where the theater is located, said, “Too often we see [historic-cultural monuments] around our city sitting vacant. So we’re very supportive of anything to bring some life back into this. We know there’s a lot of love for the Cinerama Dome and we want to acknowledge the work of all the community members who are advocating for it. We believe resuming these operations will further enhance the vibrancy of Hollywood.”

Burbank City Council member Konstantine Anthony noted that he was a former usher at the Dome and also voiced support for the reopening.

More than 30 people provided public comment. Among those were Kat Kramer, daughter of filmmaker Stanley Kramer, director of “It’s a Mad, Mad, Mad, Mad World,” the very first film to play in the Dome in 1963, film critic Wade Major and Ben Steinberg, who has led a grassroots campaign to get the venue reopened.

The Blue Note Jazz Club undergoes construction near the Cinerama Dome on Tuesday, Aug. 5, 2025, in Los Angeles.

(Juliana Yamada / Los Angeles Times)

One commenter said, “Why have they kept it closed? Is this just a strategy to let it rot so that they can get building violations and just tear it down and build condos? There’s a lot of fear about what’s going to happen with this thing that people feel attached to. And to not answer questions over all this time has frankly been offensive.”

Another commenter said that the delays in reopening feel like ownership “keeping a bit of our heritage hostage from us.”

Even those who were asking for clear specifics from ownership were nearly all in favor of granting the conditional-use permit, which was the ostensible purpose of the meeting. As local preservation advocate Kim Cooper said, “I know that this has been hard and it has seemed like the citizens versus the ownership — that’s not what it is. People want to come together and help and bring this place back.”

Speaking after the meeting, Peterson-Gower noted her own history with the Dome, having been involved with many events there in the late ’80s and early ’90s when she was vice president of the Hollywood Athletic Club, located just a few blocks away on Sunset Boulevard.

“Everyone has a story about the Dome that’s lived here, even me,” she added. “I didn’t want to bring my personal life into the hearing, but I care passionately as well about it opening.”

While the final outcome of the hearing is still to be fully determined, all signs point to the permit being granted and the project being free to move forward.

“I was overwhelmingly pleased with the comments,” said Peterson-Gower. “I think that it shows that there’s a great historic use in a historic property and I think that people care passionately about it operating and are very, very proud of the property being here in Hollywood.”