Bernie Sanders has unveiled an aggressive plan to transfer trillions from leading AI firms to the public, and, to the likely horror of AI firms, it goes even further than expected to give Americans more control over the AI industry.<\/p>\n
Sanders shared a summary of his legislation with AP News<\/a>. If passed, the law would create a sovereign wealth fund \u201cfinanced through a one-time 50 percent tax on the stock of the largest AI companies,\u201d AP News reported. Any AI firm that does $200 million in annual AI sales would be subject to the tax, as would any new firm once it reaches that revenue level.<\/p>\n In total, Sanders estimated the fund could be worth $7 trillion, generating \u201chundreds of billions of dollars annually in direct payments to Americans and programs such as health care, education and housing,\u201d AP News reported. Each American would likely receive more than $1,000 annually in 5 percent annual dividends, Sanders estimated.<\/p>\n \u201cThe benefits cannot simply go to the handful of wealthy corporations,\u201d Sanders said. \u201cThey will be shared by the American people.\u201d<\/p>\n Beyond the payouts and support for critical US programs, the legislation would also ensure that Americans have \u201cdirect influence over corporate decision-making,\u201d Sanders said. Seven members of a newly created, bipartisan Independent Commission for Democratic AI\u2014nominated by the president and confirmed by the Senate\u2014would oversee the fund. Using voting shares, the commission could block any decisions companies may move to make that could harm the public, The Hill reported<\/a>.<\/p>\n \u201cThe public has got to have a significant seat at the table to make sure that terrible things do not happen to ordinary people, and that in fact, AI benefits ordinary people, not hurts them,\u201d Sanders told AP News.<\/p>\n AI industry unlikely to embrace Sanders\u2019 plan<\/p>\n Although some CEOs like OpenAI\u2019s Sam Altman and Anthropic\u2019s Dario Amodei have shown support for some public benefits from AI, their ideas are not as bold as Sanders\u2019.<\/p>\n In a meeting with Sanders, Altman remained \u201cfar apart\u201d from the senator on how much stake in OpenAI the American public should have, sources in the room told AP News. However, Sanders insists that his legislation transfers a fair amount of wealth while critically ensuring that AI benefits humanity. He confirmed that he intends to campaign on creating the fund, and during the meeting, he cast AI firms that expect to transfer significantly less than 50 percent as greedy.<\/p>\n","protected":false},"excerpt":{"rendered":"Bernie Sanders has unveiled an aggressive plan to transfer trillions from leading AI firms to the public, and,…\n","protected":false},"author":2,"featured_media":712876,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,74],"class_list":["post-712875","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/712875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=712875"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/712875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/712876"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=712875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=712875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=712875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}