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Bernie Sanders' New AI Bill Would Pay Americans $1,000 a Year
Gizmodo • • business
Key Points:
- Senator Bernie Sanders introduced a bill proposing a $7 trillion sovereign wealth fund to give the American public a 50% stake in the AI industry, aiming to distribute AI-generated revenues directly to taxpayers.
- The fund would provide an annual payment of $1,000 to taxpayers, with potential increases as AI grows more profitable, and could also support social programs like healthcare, education, and housing.
- Sanders argues AI is a public resource built on humanity's collective intellectual output, yet a small group of companies currently monopolize its economic benefits without compensating the public.
- The concept of universal basic capital (UBC), which grants public ownership in AI wealth, is gaining bipartisan attention, with figures like California Governor Gavin Newsom exploring its feasibility.
- Leading AI companies such as OpenAI and Anthropic have expressed support for sharing AI's economic gains with the public and advocate for international oversight to manage AI development responsibly.
