Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business

Bernie Sanders pushes 50%t public stake in AI giants, $1,000 dividend payout to every American

US Senator Bernie Sanders on Thursday introduced legislation that would give the public a 50-percent ownership stake in the largest US artificial intelligence companies, the boldest plan yet to redistribute the industry's soaring wealth.

The American AI Sovereign Wealth Fund Act would levy a one-time tax -- paid in stock rather than cash -- equal to half the equity of firms with at least $200 million in annual AI revenue.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.