Bernie Sanders Proposes Public Ownership in AI Companies
Sanders: Give public 50 percent stake in AI companies

Image: The Hill
Senator Bernie Sanders plans to introduce the AI Sovereign Wealth Fund Act, aiming to give the public a 50% stake in major AI companies through a one-time tax on their stocks. This initiative seeks to democratize AI's benefits and curb the influence of tech oligarchs.
- 01The proposed AI Sovereign Wealth Fund Act would impose a 50% tax on stocks of large AI companies.
- 02Sanders argues this legislation would empower the public in AI's future and ensure profits benefit society at large.
- 03The bill follows Sanders' previous efforts to halt new data centers until protective measures for the public are established.
- 04Leading AI firms like Anthropic and OpenAI are preparing to go public, prompting Sanders' call for public ownership.
- 05Sanders criticizes the voluntary nature of recent federal testing provisions for AI models, deeming them inadequate.
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Senator Bernie Sanders (I-Vt.) has announced plans to introduce the AI Sovereign Wealth Fund Act, which aims to grant the public a 50 percent stake in major artificial intelligence (AI) companies through a one-time tax on their stocks. In a video message, Sanders emphasized that the legislation would empower Americans to shape the future of AI, which he argues is currently dominated by a few wealthy tech leaders. He stated that the wealth generated by AI should benefit all, not just billionaires and investors. This proposal comes as companies like Anthropic and OpenAI prepare to go public. Sanders has previously criticized the unchecked power of large AI firms and co-sponsored the Artificial Intelligence Data Center Moratorium Act, which seeks to halt new data center constructions until proper safeguards are implemented. Additionally, he expressed concerns about recent executive orders allowing AI labs to voluntarily submit their models for government testing, labeling them as insufficient to protect the public. Sanders' initiatives reflect a growing call for accountability and equitable distribution of AI's economic benefits.
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The proposed legislation could significantly alter the landscape of AI ownership in the U.S., potentially redistributing wealth generated by AI technologies.
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