Senator Bernie Sanders has introduced the American AI Sovereign Wealth Fund Act, proposing a one-time 50% tax on the stock of major AI firms. This aims to transfer control from Silicon Valley billionaires to the American public, arguing AI was built on ‘stolen’ data. The fund would grant public voting shares and eventually distribute dividends. Senator Bernie Sanders has introduced the American AI Sovereign Wealth Fund Act, proposing a one-time 50% tax on the stock of major AI firms. This aims to transfer control from Silicon Valley billionaires to the American public, arguing AI was built on ‘stolen’ data. The fund would grant public voting shares and eventually distribute dividends.
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