AP Exclusive: Bernie Sanders Unveils Plan to Give the Public Direct Ownership of AI Companies
The plan would create a public sovereign wealth fund and is estimated to raise about $7 trillion, Sanders said.
- On Thursday, U.S. Sen. Bernie Sanders introduced the American AI Sovereign Wealth Fund Act, proposing a 50% public ownership stake in the largest artificial intelligence companies.
- Criticizing the current state of AI, Sanders argued that "Big Tech oligarchs" dictate the future behind closed doors while rewarding a handful of individuals at the expense of millions of jobs.
- Generating an estimated $7 trillion, the one-off 50% tax on company stock would fund a sovereign wealth fund modeled after Norway's Government Pension Fund.
- In addition to the fund, Sanders called for a nationwide moratorium on AI data centers, citing their staggering energy consumption and environmental damage during the climate emergency.
- Arguing that the public must shape AI's future, Sanders added that figures like Mark Zuckerberg and Elon Musk did not create the technology alone, insisting it relies on collective human knowledge.
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AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies
WASHINGTON — As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public.
Sanders' AI bill would hand the public half of OpenAI
Bernie Sanders has turned a talking point into a bill, and it goes further than anything Silicon Valley or the White House has put on the table. On Thursday, the Vermont senator introduced legislation that would hit the largest AI companies with a one-time 50 per cent tax on their stock, paid in shares rather […] This story continues at The Next Web
US Senator Bernie Sanders introduced a bill on Thursday that would give the public a 50% stake in the largest US artificial intelligence (AI) companies, the boldest plan yet proposed to redistribute wealth in the fast-growing sector.
Sovereign AI, but Who Watches the State?
In early June 2026, aboard Air Force One, President Donald Trump confirmed to reporters that the White House was discussing the possibility of taking an equity stake in OpenAI. A few days earlier, Senator Bernie Sanders had introduced a bill proposing the federal government acquire 50 percent of leading AI companies — with voting rights […] The post Sovereign AI, but Who Watches the State? appeared first on Modern Diplomacy.
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