David Sacks said Bernie Sanders' AI ownership plan could lead to dangerous government-controlled artificial intelligence systems.

The American AI Sovereign Wealth Fund Act should be consigned to the same dustbin of history as every other bad idea put forward by Bernie Sanders.

Senator Bernie Sanders (D-VT) announced plans to introduce a bill forcing the largest AI companies to hand over a 50% ownership stake to the public.

When the grid was electrified in the 1930s, it left landowners wealthy and the rest with nothing but displacement. Bernie Sanders doesn't want that to happen again.

US administration is exploring stakes in major AI firms days after Sen. Bernie Sanders proposed public ownership of leading AI companies.

Palantir CEO Alex Karp warned AI firms face nationalization risk as Sanders proposes major ownership tax legislation.

The policy has attracted support from both sides of the aisle on how to respond to AI, but economists still have concerns.

"You make them a partnership in this revolution," Trump told reporters Friday. "It would be a beautiful thing."

OpenAI CEO Sam Altman has met with Sen. Bernie Sanders to discuss public ownership in AI companies — a meeting that highlighted the tension between AI powerhouses and policymakers.

Sam Altman and Bernie Sanders discussed public ownership in AI firms as concerns grow over jobs, data centres and the benefits of AI expansion.

Trump has embraced government investment in private companies in his second term, scrambling his party's politics. His administration last year secured a 10 per cent stake in the…

David Sacks said Bernie Sanders' AI ownership plan could lead to dangerous government-controlled artificial intelligence systems.

Trump will meet AI companies on a plan to give Americans equity in firms like $850bn OpenAI. He has already taken stakes in Intel and IBM. Sanders wants half. No legal mechanism…

David Sacks, chair of the President's Council of Advisors on Science and Technology and former White House AI and Crypto Czar, has criticized US Senator Bernie Sanders' proposal…