Sen. Bernie Sanders has introduced legislation to create an AI sovereign wealth fund through a one-time 50 percent tax on the stock of major AI companies. The proposal aims to give the American public a direct financial stake and influence over the industry's direction.
The fund could reach nearly $7 trillion, according to Sanders' estimates, potentially providing $1,000 annual checks to every American. More significantly, the public would hold 50 percent representation on the boards of leading AI firms, allowing input on projects and policies.
Sanders described AI as the most transformational technology in human history during a recent NPR interview. He highlighted risks including job losses, privacy erosion, impacts on children's mental health, deepfakes, and potential existential threats.
The Vermont senator met privately with OpenAI CEO Sam Altman earlier this month. Altman was not enthusiastic about the idea. Sanders said he has not discussed the proposal with President Trump, who has separately expressed interest in a U.S. sovereign wealth fund.
