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Politics

A piece of A.I. for America?

2 replies

MsAmerica · Yesterday 21:48

A prominent leftie American senator, Bernie Sanders, wrote a long Op-Ed piece which I thought might be of interest. This is an excerpt.

A.I. Is a Public Resource. You Should Own Half of It.
By Bernie Sanders

The question, then, is not whether A.I. will change the world. It will. The question is: Who will own and control that future? Who will benefit from it, and who will be hurt by it? Will A.I. be used to make life better for working families? Will it enrich our quality of life? Will it help us eliminate poverty, extend life expectancies and solve the climate crisis? Or will the future of humanity be determined by a handful of billionaires who have promoted and developed A.I., with virtually no democratic input, who stand to become even richer and more powerful than they are today?

That is the choice before us.

Let us be clear. Artificial intelligence was not created out of thin air. The data and language used by generative A.I. tools didn’t just pop into Sam Altman’s head or Elon Musk’s imagination. A.I. is built on our collective intelligence: our books, songs, artwork, journalism, computer code, scientific research, videos, conversations, images and ideas spanning generations. That is not just the opinion of Bernie Sanders. According to Mr. Altman, the head of OpenAI, A.I. models were trained on our “collective experience, knowledge” and “learnings of humanity.”

For the most part, tech oligarchs have fed this knowledge into their A.I. models without permission, without acknowledgment, without compensation. In other words, the creative work of millions of people — writers, artists, musicians, journalists, teachers, scientists and ordinary citizens — has essentially been stolen by some of the wealthiest people in the world. It’s time for us to reclaim it.

Since A.I. is built on the collective knowledge of humanity, the wealth it generates must benefit humanity. Not just Mr. Musk, Mr. Altman, Dario Amodei and other moguls whose companies are positioned to dominate the industry. Not just venture capitalists in Silicon Valley or money managers on Wall Street who undoubtedly see A.I. as the next great wealth-extracting machine.

That is why I will soon be introducing the American A.I. Sovereign Wealth Fund Act. This legislation would give the public a direct ownership stake in the largest A.I. companies in our country. How? It would create a sovereign wealth fund through a one-time 50 percent tax — not on the profits of OpenAI, Anthropic, xAI and other companies, but paid with something far more valuable than that: the stock.

If passed, this legislation would do two crucial things. First, it would give the public a direct role in determining the future of this technology. No longer would the future of A.I. and the transformation of human life that it will bring be dictated by a handful of Big Tech oligarchs. The federal government would have the power, through its voting shares and an equal representation on each company’s board, to block decisions that hurt our citizens and to push for policies that help them.

Second, this legislation would guarantee that the trillions of dollars potentially generated by A.I. are used to improve the lives of all of us — not simply to make the richest people in the world even richer. If the big A.I. companies continue to grow as rapidly as many analysts expect, then the value of the sovereign wealth fund will grow as well — and the benefits to the American people will grow along with it.

For the whole Op-Ed:

https://www.nytimes.com/2026/06/01/opinion/artificial-intelligence-bernie-sanders.html

https://www.sanders.senate.gov/op-eds/the-public-should-own-half-of-the-big-a-i-companies/

OP posts:
logicisall · Today 09:29

Excellent post OP.

Lalgarh · Today 09:43

Im not quite sure where is the best place to post this, but the market valuation of Musks company as $1Trillion is a sure sign we are in the midst of a bubble and are on the verge of a massive massive financial crash

https://bsky.app/profile/twlldun.bsky.social/post/3mo4rxzwzlk2v

The main problem with Musk being “worth a trillion dollars” is this: imagine his investors or the stock market suddenly realise he doesn’t sell anywhere near enough to justify the valuation. The crash would be huge - so big it would affect all of us. I can’t even hope for him to go bankrupt.

Twlldun (@twlldun.bsky.social)

The main problem with Musk being “worth a trillion dollars” is this: imagine his investors or the stock market suddenly realise he doesn’t sell anywhere near enough to justify the valuation. The crash would be huge - so big it would affect all of us....

https://bsky.app/profile/twlldun.bsky.social/post/3mo4rxzwzlk2v

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