U.S. Senator Bernie Sanders proposed establishing an AI sovereign wealth fund, with a proposed 50% equity tax on leading AI companies.

CoinFeed reported on June 2nd that U.S. Senator Bernie Sanders recently announced plans to introduce the "American AI Sovereign Wealth Fund Act," which proposes a one-time 50% equity tax on the largest AI companies in the U.S. and injecting related shares into the national sovereign wealth fund. Ultimately, the wealth created by AI would be shared with all Americans through cash dividends, healthcare, education, and housing. Sanders believes that the development of artificial intelligence is built upon the knowledge and public investment created by humanity over a long period; therefore, the trillions of dollars in wealth generated by AI should not be solely enjoyed by a few technology companies and shareholders. He also criticized that since Trump's election, the wealth of the seven richest tech entrepreneurs in the U.S. has increased by approximately $1.15 trillion, while most Americans still face financial pressure.