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Bernie Sanders’ AI sovereign wealth fund plan is good. But we think this is better | Nathan E Sanders and Bruce Schneier
While we do not outright oppose the taking of AI company stock, or of a US a sovereign wealth fund, there are better ways to achieve the senator’s goalsLet no one accuse Bernie Sanders of ducking the big questions. Writing in the New York Times last week, the senator asked: “Will the future of humanity be determined by a handful of billionaires who have promoted and developed AI, with virtually no democratic input, who stand to become even richer and more powerful than they are today?”We...
Efficiently Restructuring Sovereign Debt via Arctic Auctions with Convex Costs
Announce Type: new Abstract: We study the problem of computing competitive equilibria in the Arctic product-mix auction, originally developed for the Icelandic government for exchanging blocked financial accounts, and more recently proposed by IMF staff for sovereign debt restructuring. From the buyers' perspective, the Arctic auction is equivalent to the quasi-linear Fisher market. However, unlike the standard Fisher model, the seller can express rich supply preferences through explicit...
Fox News AI Newsletter: Sanders bill would seize 50% of stock in OpenAI, Anthropic for sovereign wealth fund
IN TODAY’S NEWSLETTER:- Bernie Sanders unveils plan to take 50% stake in AI companies for government wealth fund- College grads expect to earn $80,000 a year, but the math isn’t mathing- Jensen Huang says Nvidia's new RTX Spark chip will reinvent the PCSOCIALIST SHARE-UP: 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...
Fox News AI Newsletter: Sanders bill would seize 50% of stock in OpenAI, Anthropic for sovereign wealth fund
IN TODAY’S NEWSLETTER:- Bernie Sanders unveils plan to take 50% stake in AI companies for government wealth fund- College grads expect to earn $80,000 a year, but the math isn’t mathing- Jensen Huang says Nvidia's new RTX Spark chip will reinvent the PCSOCIALIST SHARE-UP: 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...
LibreOffice brands Euro-Office a 'de facto ally' of Microsoft's lock-in strategy
The Document Foundation has taken a swing at Euro-Office, accusing the self-described sovereign productivity suite of doing Microsoft's content lock-in strategy a favor while wrapping itself in the language of European digital independence. The attack came from Italo Vignoli, a founding member of The Document Foundation, who published an open letter on Monday, just hours before after Euro-Office 1.0 debuted as what its backers describe as a "truly open" and sovereign alternative to Microsoft...
Dutch chip startup claims all-European fab flow – with help from a very American friend
Dutch semiconductor startup Qualinx is claiming a breakthrough of sorts in European sovereign manufacturing thanks to an end-to-end semiconductor fabrication flow it is using for its new satnav chips. The firm, a spin-off from Delft University of Technology, says it has demonstrated that security-critical chips for aerospace, defense, and critical infrastructure can be designed, manufactured, and delivered entirely within Europe. Tape-out of the Qualinx QLX3xx, a family of ultra-low-power...
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...
E.U. reviewing Paramount-Warner merger over Middle Eastern wealth funds’ backing
European Union regulators are studying Paramount Skydance’s prospective takeover of Warner Bros. Discovery over the deal’s financial backing from three Middle Eastern sovereign wealth funds, according to a public filing. The inquiry, publicly confirmed Wednesday, deepens the scrutiny of a corporate tie-up that would unite two historic Hollywood studios under the same roof and reshape the American entertainment industry. Paramount, which agreed to buy Warner in February for $110 billion,...
Pashinyan moves to defuse Russia tensions while pledging Armenia's sovereignty ahead of crucial vote
With the latest polls showing him on course for a landslide victory on Sunday, PM Nikol Pashinyan told Armenians – and Russia – that he is seeking a balanced yet sovereign approach to his foreign policy, as Russia continued to exert pressure by imposing more sanctions ahead of the crucial vote. With just days left before historic elections on Sunday, Armenian Prime Minister Nikol Pashinyan is walking a tightrope, balancing his pro-West push with efforts to avoid an escalating clash with...