Government-Owned AI Is a Terrible Idea

Why state-owned AI won’t solve inequality

Last month, U.S. President Donald Trump suggested the government buy equity in AI companies, in response to concerns that the industry’s boom is leaving most Americans behind. His political opposite,...

Government-owned AI is a terrible idea

In the push to regulate artificial intelligence, a dangerous idea is gaining ground in Washington: handing the government ownership stakes in the biggest AI companies. Both parties see immediate dollar signs. Neither is thinking longer-term.

Commentary: Government-owned AI is a terrible idea

Michael R. Bloomberg In the push to regulate artificial intelligence, a dangerous idea is gaining ground in Washington: handing the government ownership stakes in the biggest AI companies. Both parties see immediate dollar signs. Neither is thinking longer-term. Somewhere, Karl Marx is smiling. It’s not surprising that Vermont’s socialist senator wants to require the big AI labs to fork over 50% of their equity to a “sovereign wealth fund,” but …