the American AI Sovereign Wealth Fund Act
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Bernie Sanders to Americans: AI companies stole your data, you should own 50% stocks
Senator Bernie Sanders has announced a new legislation aimed at taking half of the control of the artificial intelligence (AI) boom away from Silicon Valley billionaires and handing it directly to the American public. Arguing that AI companies built their empires on 'stolen' data, Sanders plans to introduce the American AI Sovereign Wealth Fund Act, a bill that would levy a one-time 50% tax on the stock of the nation's largest AI firms to establish a public fund. "The creative work of...
Uncle Sam considers buying a seat on the Titanic
The US government is reportedly weighing whether to take a financial stake in AI companies, which looks a bit like negotiating for a seat on the Titanic. Neither OpenAI nor Anthropic, the marquee brands in US AI, are profitable yet. While Anthropic may be nearer to that point if its accounting survives scrutiny, OpenAI's $1.4 trillion in financial commitments over the next eight years have been interpreted as a red flag for investors.
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From Washington to Brussels, the fight over who controls artificial intelligence is reaching a turning point, and history suggests the public has always had to wrestle essential technology from completely private control. What do AI mogul Sam Altman, Democratic Party firebrand Bernie Sanders and Donald Trump all have in common? All three want the public to have a stake in the AI boom.