Senator Bernie Sanders (D-VT) announced plans to introduce a bill forcing the largest AI companies to hand over a 50% ownership stake to the public.
Ripple (CRYPTO: XRP) Chief Technology Officer David Schwartz calls it an attack on freedom of speech.
Sanders Wants A 50% Stock Tax To Create An AI Sovereign Wealth Fund
Sanders announced the American AI Sovereign Wealth Fund Act on Tuesday, describing it as a one-time 50% tax not on profits but directly on stock.
The fund would give the American public a direct ownership stake in the largest AI companies and a say in how the technology develops.
Bernie Sanders argued that collective human knowledge built AI, drawing on generations of books, songs, artwork, journalism, and scientific research.
“The creative work of millions and hundreds of millions of people has …
