wealth-fund

OpenAI has proposed giving the US government a 5% stake to address societal concerns about AI, but Senator Bernie Sanders is pushing for a much larger public stake through a proposed AI wealth fund.

OpenAI has proposed giving the US government a 5% stake in its $852B business, modeled after Alaska's oil fund, to ease regulatory pressure on AI. The plan requires approval from Congress and major stakeholders like Microsoft, and other AI companies have not yet joined.

In an interview with WIRED, Senator Bernie Sanders discusses his proposed AI regulation bills, including a data center moratorium and an AI sovereign wealth fund, arguing that the AI industry must be held accountable.

A detailed critique of Bernie Sanders' proposed AI Wealth Fund, arguing that a one-time equity grab is the wrong mechanism, and offering an alternative that funds public AI benefits through data center chokepoints, infrastructure taxes, a Santiago Principles-aligned sovereign wealth fund, and dedicating a slice of compute to public institutions.