Sanders proposes $7 trillion public AI wealth fund (opens in new tab)

Sen. Bernie Sanders introduced the American AI Sovereign Wealth Fund Act on June 18, proposing a one-time 50% stock tax on the largest U.S. artificial intelligence companies to create a federally managed fund valued at roughly $7 trillion. The tax would apply to AI companies with at least $200 million in annual AI sales, and Sanders estimates a 5% annual dividend from the fund could deliver more than $1,000 a year to every American. Sanders says AI companies derive value from human-created kn...