With the market capitalization of AI companies soaring, US Senator Bernie Sanders is looking to give the American people a piece of the action.
The veteran senator for Vermont has introduced the American AI Sovereign Wealth Fund Bill, aiming to give the public a 50 percent ownership in the largest AI companies in the US. It’s a timely move with both OpenAI and Anthropic preparing for the imminent IPOs.
Sanders is not the only one pondering such a move. As the bill notes, OpenAI has proposed the creation of a “Public Wealth Fund” giving citizens a stake in “AI-driven economic growth,” while Anthropic has proposed a sovereign wealth fund to “shape the sector’s behavior.” President Trump’s advisors are also contemplating the possibility of the government grabbing a stake in major AI corporations, according to media reports.
Sovereign wealth funds are not a new idea: Many administrations across the world have implemented them, notably Norway which has about $2 trillion in its wealth fund.
Amazon has withdrawn from distributing the Sam Altman biopic “Artificial” as OpenAI moves closer to a potential public listing. According to a report from Puck, Amazon has stepped away from the high-profile film project despite continuing discussions with the filmmakers…
Jio's IPO could redefine India's digital landscape, attracting global investors and accelerating the nation's tech-driven economic growth.
The post Jio Platforms targets record $4B IPO in India appeared first on Crypto Briefing.
Pulisic's absence may force the U.S. team to adopt a more defensive strategy, impacting their performance and match outcome expectations.
The post Christian Pulisic out of US vs. Australia game with calf injury appeared first on Crypto Briefing.
The peace deal may stabilize global oil markets but unresolved issues could still impact regional stability and future US-Iran relations.
The post US and Iran sign peace deal amid ongoing 2026 war, reopen Strait of Hormuz appeared first on Crypto Briefing.
Jio Platforms filed for India's largest IPO, targeting $3.8 billion with backing from Meta, Alphabet, and KKR. Post-IPO valuation could reach $130-180
The post Jio Platforms prepares for India’s largest IPO with backing from Meta, Alphabet, and KKR appeared first on Crypto Briefing.
An IT executive changing jobs usually attracts little attention outside a narrow group of people, but Noam Shazeer’s move from Google to OpenAI is as momentous as any high-value soccer transfer.
He announced the news in a post on X: “I’m excited to share that I’ll be joining OpenAI and look forward to working with the exceptional team there.”
Shazeer initially achieved fame as one of the eight co-authors of the influential AI paper Attention Is All You Need, published when he was working at Google Brain. He is also one of the creators of the transformer technology that lies at the heart of modern AI models.
He left Google when the company failed to back his chatbot Meena and was tempted back when Google subsequently bought the company he founded, Character.AI, for $2.7 billion. That company achieved notoriety when it was sued by a grieving mother, who alleged that a Character.AI chatbot had contributed to her son’s death by suicide. The company subsequently settling out of court.
Shaze
An IT executive changing jobs usually attracts little attention outside a narrow group of people, but Noam Shazeer’s move from Google to OpenAI is as momentous as any high-value soccer transfer.
He announced the news in a post on X: “I’m excited to share that I’ll be joining OpenAI and look forward to working with the exceptional team there.”
Shazeer initially achieved fame as one of the eight co-authors of the influential AI paper Attention Is All You Need, published when he was working at Google Brain. He is also one of the creators of the transformer technology that lies at the heart of modern AI models.
He left Google when the company failed to back his chatbot Meena and was tempted back when Google subsequently bought the company he founded, Character.AI, for $2.7 billion. That company achieved notoriety when it was sued by a grieving mother, who alleged that a Character.AI chatbot had contributed to her son’s death by suicide. The company subsequently settling out of court.
Shaze