Vermont Senator Bernie Sanders announced plans Tuesday to introduce legislation that would give the federal government a direct ownership stake in the country's largest artificial intelligence companies, arguing that the wealth generated by AI should be shared with the public because the technology was built on "our collective intelligence."
Writing in The New York Times, the Vermont senator outlined what he calls the American A.I. Sovereign Wealth Fund Act, which would require companies such as OpenAI, Anthropic and xAI to transfer 50% of their equity to a federally managed sovereign wealth fund.
