AI wealth fund proposal wins major support as corporate trust collapses

The legislation would also require large companies that operate both AI and non-AI businesses to separate those operations, ensuring the public receives an ownership stake in the AI side.

If those companies’ valuations decline, Sanders’ bill stipulates the losses would be borne by the companies, not the federal government.

“The future of AI and the fate of humanity must not be decided behind closed doors in Silicon Valley by billionaires seeking to maximise their power and profit,” Sanders said.

“It must be decided by workers, parents, teachers, artists, scientists, communities, and the American people.”

Global push for accountability

The push for public accountability over AI-generated wealth is not limited to the United States.