Bernie Sanders unveils plan for public ownership of AI companies

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies. The legislation shown first to The Associated Press would impose a one-time 50% tax on the stock of major AI companies and place those shares into a sovereign wealth fund overseen by an independent commission. Sanders estimates the fund would be worth roughly $7 trillion and provide annual payments to Americans. While the idea of public ownership of AI companies has been backed by President Donald Trump and AI executives, Sanders' proposal goes far beyond that, with the public have decision-making power in the companies.