Senator Bernie Sanders Proposes 50% Public Stake in AI Firms to Fund Public Goods
Senator Bernie Sanders has announced a legislative proposal titled the American AI Sovereign Wealth Fund Act, which aims to establish a federally managed sovereign wealth fund. This fund would be created by mandating a one-time 50% equity transfer from selected frontier AI firms, such as OpenAI, Anthropic, and xAI, to be paid in stock rather than cash. The proposal, detailed in a guest essay by Sanders in the New York Times, suggests that the fund would hold voting shares and require board representation. The revenue generated from this fund would be distributed to Americans and used to support public goods, including healthcare and education. 
