India Should Avoid State Equity in AI Companies

The Indian government might buy a small share in a local AI company called Sarvam to get a discount on computer chips.

In the U.S., Sam Altman offered the government a small share of his company OpenAI.

Governments sometimes buy shares to keep control of important technology, to get money back from public investment, or to make money for the country.

But buying shares can cause problems, like unfair competition and confusing rules.

The author says if a government must own a share, it should do so quietly, with clear rules and a plan to sell later.