Sen. Bernie Sanders announced legislation on Thursday to establish a sovereign wealth fund, which would give the American public a say in regulating artificial intelligence.
The proposed bill would grant Americans 50% ownership of the country's largest AI companies if they become profitable. Under this plan, the public would receive $1,000 annually for a 50% stake in these firms.
Sanders, President Trump, and OpenAI have all proposed that the U.S. government take stakes in artificial intelligence companies to spread their future wealth.
However, the biggest AI firms will likely recoil at the prospect of the proposed AI wealth fund.