Bernie Sanders’ AI sovereign wealth fund plan is good. But we think this is better | Nathan E Sanders and Bruce Schneier
Senators Bernie Sanders and Bruce Schneier propose a US sovereign wealth fund that would take a 50% stake in major AI companies like OpenAI and Anthropic. This plan aims to provide democratic control over AI development and ensure the public benefits from the industry's massive valuations. However, the authors argue that direct public ownership could entangle government interests with corporate profit motives, potentially hindering effective regulation and public oversight, and suggest alternative approaches. AI
IMPACT Proposes alternative policy frameworks for governing AI's economic and societal impact.