OpenAI CEO's $1M donation to Trump fund faces scrutiny

US Senators Elizabeth Warren and Michael Bennett are investigating significant donations from tech and cryptocurrency companies to President-elect Donald Trump’s inaugural fund.

This inquiry particularly highlights OpenAI CEO Sam Altman’s $1 million contribution, raising concerns about corporate influence on political processes.

In a letter dated January 17, the lawmakers requested details regarding Altman’s donation, noting that major tech firms, including OpenAI, Microsoft, Google, and Amazon, collectively contributed millions to the fund over recent months.

Additionally, cryptocurrency companies such as Ripple, Coinbase, and Kraken reportedly donated around $10 million to support Trump's inauguration.

The lawmakers expressed apprehension that these contributions could be attempts to sway the new administration's policies or lessen regulatory scrutiny.

“These donations raise questions about corruption and the influence of corporate money on the Trump administration, and Congress and the public deserve answers,” they stated.

Concerns were also raised regarding ongoing legal issues faced by several donor companies.

The lawmakers emphasised that financial support could serve as leverage amid investigations involving these corporations.

“The industry’s efforts suggest that Big Tech companies are trying to curry favor and skirt the rules,” they added.

In light of this scrutiny, they have requested specific information about the donation process from OpenAI, including whether it was approved by the company board and any communications with Trump's transition team.

Altman responded to the inquiry by clarifying that his donation was made in a personal capacity.

“It was a personal contribution… my company did not make a decision,” he tweeted on January 17.

As the inquiry unfolds, it raises broader questions about the implications of corporate donations in political contexts and their potential impact on regulatory frameworks.

Lawmakers are pushing for transparency in how these funds are utilised and how donor interests may shape policy decisions in the incoming administration.