US Senator Bernie Sanders proposes AI wealth fund to give government stake in leading AI companies

Sanders introduced a bill that would grant the US government a stake in leading AI companies and establish a sovereign wealth fund to benefit the American people, framing it as ensuring the public shares in wealth generated by public resources.

The proposal mirrors the Trump administration's strategy of taking stakes in companies in strategic sectors, and comes as Nvidia's CEO pitches investors on AI returns while OpenAI's Sam Altman was set to discuss the plan with Sanders.

Lawmakers are wary of Sanders' proposal, though the exact legislative path remains uncertain.