The Guardian AI·
While we do not outright oppose the taking of AI company stock, or of a US a sovereign wealth fund, there are better ways to achieve the senator’s goals Let no one accuse Bernie Sanders of ducking the big questions. Writing in the New York Times last week, the senator asked: “Will the future of humanity be determined by a handful of billionaires who have promoted and developed AI, with virtually no democratic input, who stand to become even richer and more powerful than they are today?” We agree entirely that this is one of the most potent questions facing global democracy today. Our book, Rewiring Democracy, surveys the emerging uses for and impacts of AI in democracy around the world and reaches the same conclusion: that the most urgent risk posed by AI is the concentration of power, wealth and control among tech oligarchs. Continue reading...
Read full articlePublic equity in AI firms could reshape corporate governance, influence AI development priorities, and alter investment landscapes significantly. The post Sam Altman proposes public equity in AI firms with Bernie Sanders appeared first on Crypto Briefing.
A US government equity stake in OpenAI could democratize AI benefits, akin to a sovereign wealth fund, impacting future economic distribution. The post OpenAI and White House discuss potential US government equity stake appeared first on Crypto Briefing.
Tether-linked billionaire Christopher Harborne and BitMEX co-founder Ben Delo donated $9.4 million to Nigel Farage’s Reform UK in the first quarter.
A government takeover of the leading labs remains unlikely, but Bernie Sanders’s public-ownership proposal and President Trump’s model-review order show how quickly the debate over AI control is shifting.
The fallout from Saylor’s first Bitcoin sale in years keeps spreading, while Bernie Sanders and Elizabeth Warren want crypto out of your 401(k).
The senators said a plan allowing fiduciaries to offer exposure to riskier assets like crypto and private equity would hurt retirees and personally benefit President Trump.
Sanders' proposal could reshape AI industry dynamics, potentially democratizing wealth distribution and altering tech ownership structures. The post Senator Bernie Sanders proposes 50% equity tax on AI labs to fund American AI Sovereign Wealth Fund appeared first on Crypto Briefing.
All Americans should have a stake in the future of this technology.
