Bernie Sanders proposes bill to give US public 50% ownership stake in major AI companies
By
Chance Townsend
Master baker tier. Every paragraph earns its place on the tray.
Summary
Senator Bernie Sanders is introducing the American AI Sovereign Wealth Fund Act, which would require major AI companies like OpenAI, Anthropic, and xAI to transfer 50% of their equity to a federally managed fund, giving the American public a direct ownership stake in the AI industry. The bill aims to ensure that the economic benefits of artificial intelligence are shared broadly rather than concentrated among a few wealthy investors and corporations.
Key quotes
· 3 pulledVermont Senator Bernie Sanders announced today that he will introduce legislation to give the American public a direct ownership stake in the country's largest artificial intelligence companies.
Sanders proposes a one-time transfer of 50 percent of equity from companies like OpenAI, Anthropic, and xAI to the government.
The senator's forthcoming American AI Sovereign Wealth Fund Act would reshape who profits from artificial intelligence.
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