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Argo Corporation closes a non-brokered private placement of 1,150,000 common shares at $0.40 per share for $460,000. The funds are for working capital and general corporate purposes. The transaction is subject to final acceptance by the TSX Venture Exchange. Proceeds will support Argo's next-generation public transit platform and vehicle hardware strategy.
The US government is weighing a proposal to take stakes in leading artificial intelligence providers. President Donald Trump confirmed the report during a press briefing, stating he will meet with AI developers at the White House next week. The proposal involves OpenAI donating equity to the government, which would be used to finance an investment vehicle for Americans to share in AI profits. The details of the initiative are still in flux, with unclear stakes and returns.
President Trump said he will meet AI company executives to discuss the US government taking a financial stake in their firms, aiming to "create almost a partnership with the American public." The meeting is expected at the White House next week. Trump did not name specific companies, but major US AI firms include Google, Microsoft, OpenAI, SpaceX, and Anthropic. Sam Altman met Senator Bernie Sanders, who proposed a 50% US stake in AI companies.
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