Live Feeds
● LIVE Updated 1h ago · 27 sources tracked

Bernie Sanders unveils $7 trillion plan to give Americans control of AI industry

Senator Bernie Sanders proposed legislation to grant the public a 50% ownership stake in the largest AI companies. The plan aims to create a $7 trillion fund to shift control from oligarchs to citizens. This fund would support public programs and provide payments to Americans.

RSS Source map (26)

What changed

New details specify that the public would receive a 50% ownership stake in the largest AI firms.

Live updates

  1. Bernie Sanders introduces American AI Sovereign Wealth Fund Act

    Senator Bernie Sanders proposed legislation to grant the public a 50% ownership stake in the largest AI companies. The plan aims to create a $7 trillion fund to shift control from oligarchs to citizens. This fund would support public programs and provide payments to Americans.

    What's confirmed:

    • Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act on June 18.
    • The bill proposes giving the American public a 50% ownership stake in the largest AI companies.
    • The plan seeks to establish a $7 trillion AI sovereign wealth fund.

    Still unconfirmed:

    • The 50% ownership stake applies specifically if the AI companies become profitable.
    • The fund is created via a one-time 50% stock tax on the largest AI firms.
    confidence 90%

  2. Bernie Sanders Proposes $7 Trillion AI Sovereign Wealth Fund

    Senator Bernie Sanders introduced the American AI Sovereign Wealth Fund Act to transfer wealth from AI corporations to the public. The plan involves a one-time 50% stock tax on the largest AI firms to establish a fund estimated at $7 trillion. This fund would provide annual payments to Americans and finance public programs.

    What's confirmed:

    • The American AI Sovereign Wealth Fund Act proposes a one-time 50% tax on the stock of the largest AI companies.
    • Sanders estimates the tax would create a fund totaling nearly $7 trillion.
    • The proposed fund would be overseen by an independent commission.
    • The plan includes $1,000 annual payments to Americans.
    • Fund proceeds would also support education, housing, and health care programs.

    Still unconfirmed:

    • The tax applies to AI companies with annual AI revenues exceeding $200 million.
    • The bill would create an entirely new regulatory regime for the tech industry.
    • Major AI firms will likely recoil at the AI wealth fund.
    • Trump advisers are weighing the structure of AI stakes.
    • Meta is keeping its distance from Trump's AI ownership idea.
    confidence 95%