American AI Sovereign Wealth Fund Act
Coverage of American AI Sovereign Wealth Fund Act in the Nexus archive.
- ‘Make AI work for ordinary people’: Bernie Sanders wants to pay you $1,000 every year from a government stake in AI companies
Sen. Bernie Sanders proposed a plan to give Americans 50% ownership in major AI companies through the American AI Sovereign Wealth Fund Act, aiming to distribute annual $1,000 payments from a 5% dividend of AI company profits. The legislation would require AI companies with over $200 million in annual sales to separate their AI business and grant the government a 50% stake.
- MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership
Donald Trump endorsed the idea of the U.S. government taking equity stakes in AI companies like OpenAI, Anthropic, and xAI, aligning with Sen. Bernie Sanders' proposal for a public wealth fund. This move reflects growing concerns among Trump's MAGA base about AI's economic and societal impacts, despite earlier support for AI deregulation.