Credit: Dhruv Bhutani / Android Authority
TL;DR
- Senator Bernie Sanders is introducing legislation that would give the public a direct 50% stake in the largest American AI companies.
- The bill would create an independent commission that would manage the sovereign wealth fund, block decisions that hurt the American people, and push for policies that would help them.
- If passed, it’s estimated that the wealth fund would be worth around $7 trillion, netting everyone in the US $1,000 from an initial 5% annual dividend.
One of the many reasons why AI is controversial is that it’s trained on information and content that was produced by real people. Despite this, all the profits from AI are only going to the companies that created the models. However, one US senator wants to redirect some of that cash flow back to the public.
Bernie Sanders, senator of Vermont, has introduced legislation that aims to give Americans a piece of the AI profits. According to the press release, this legislation would give the public a 50% ownership stake in the largest AI companies in the US. This would be done through a one-time 50% tax on the stock of these companies.
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