Sanders: Give public 50 percent stake in AI companies
Key takeaways
- Bernie Sanders (I-Vt.) on Monday said that he will soon introduce a bill proposing to give the public a 50 percent stake in large artificial intelligence (AI) companies.
- In a nearly seven-minute video message, the progressive senator said that he will introduce the AI Sovereign Wealth Fund Act in the coming weeks.
- It would do two extremely critical things, Sanders said of his legislation.
Why this matters: political developments that affect policy direction and public trust.
Bernie Sanders (I-Vt.) on Monday said that he will soon introduce a bill proposing to give the public a 50 percent stake in large artificial intelligence (AI) companies.
In a nearly seven-minute video message, the progressive senator said that he will introduce the AI Sovereign Wealth Fund Act in the coming weeks. He said that the legislation would give the public a direct ownership stake in the country s largest AI companies via a one-time, 50 percent tax on their stocks.
It would do two extremely critical things, Sanders said of his legislation. First, it would give the American people a direct role in determining the future of this technology. No longer would the future of AI be dictated by a handful of Big Tech oligarchs, while the rest of the world sits back and watches them do what they want.