Sen. Bernie Sanders Proposes Federal Stake in Major AI Companies
The plan would fund direct payments to Americans and give the government voting power on company boards, Sanders said.
- Sen. Bernie Sanders announced Monday legislation establishing the American AI Sovereign Wealth Fund Act, requiring a one-time 50% equity transfer from major AI companies including OpenAI and Anthropic.
- Arguing that AI models were built using public 'collective intelligence' without compensation, Sanders contended the bill prevents corporate interests from solely dictating the technology's future.
- Paid in stock rather than cash, this one-time tax grants the federal government voting shares and board representation to block decisions deemed harmful to the public.
- Revenue generated by the fund would flow directly to Americans as cash payments, eventually supporting healthcare and housing; Sanders noted industry leaders have previously floated similar wealth fund concepts.
- Details regarding spending priorities will appear in legislation Sanders plans to unveil in the coming weeks, though questions remain about implementation and the financial viability of non-profitable AI firms.
33 Articles
33 Articles
Bernie Sanders drops radical new AI plan — Glenn Beck calls it his worst idea ever
As fears over the impending AI takeover continue to mount, some politicians are proposing solutions. Earlier this week, Sen. Bernie Sanders (I-Vt.) published an opinion piece in the New York Times in which he announced a bill called the American AI Sovereign Wealth Fund Act.In short, Sanders argued that big AI companies got rich by using everyone’s data, writings, and ideas without permission or compensation. His bill proposes that the governmen…
US senator proposes AI wealth fund
The AI boom is creating considerable wealth, raising the question of who should share in it. Nvidia’s CEO this week pitched hundreds of family office and finance representatives on the “insane” returns they could get from investing in AI, Bloomberg reported. US Sen. Bernie Sanders, meanwhile, proposed a bill that would give the US government a stake in leading AI companies — similar to the Trump administration’s move to take stakes in companies …
Bernie Sanders unveils plan to take 50% stake in AI companies for government wealth fund
Democratic socialist Sen. Bernie Sanders, I-Vt., is arguing that the federal government should establish a sovereign wealth fund that's financed by taking possession of half of the stock in AI giants like OpenAI, Anthropic and xAI, among others.Sanders wrote an op-ed in The New York Times on Sunday that AI companies built and trained their models using the creative work of millions of people to inform generative AI tools, mostly without receivin…
Will MAGA join Bernie Sanders’s AI battle?
There’s one op-ed in the New York Times this week that’s unlike the others. Written by Vermont senator Bernie Sanders, it argues that AI should be treated as a public resource, with its gains redistributed. Sanders proposes a one-off 50% tax on the equity of major AI firms, with the proceeds used to create a sovereign wealth fund. The model, he notes, is similar to those in Norway and Alaska, where oil revenues are pooled for public benefit. The…
Bernie Sanders Wants To Cripple America’s AI Advantage
On Monday, hard-left Vermont senator Bernie Sanders offered a suggestion that would cripple America, declaring he would introduce the American AI Sovereign Wealth Fund Act, which would “give the public a direct ownership stake in the largest AI companies in America through a one-time 50% tax, not on profits, but on stock.” “The creative work of millions and hundreds of millions of people has been stolen by the wealthiest people in the world,” Sa…
Artificial intelligence (AI) will undoubtedly be the most transformative technology in human history. It will profoundly affect the lives of every man, woman and child. It will initiate — and many have already begun — unimaginable changes to our economy, our democracy, our emotional well-being, our environment, and the way we educate and raise our children. Furthermore, there is a very real fear that, as AI becomes smarter than humans, it can be…
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