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 to give the public a 50 per cent ownership stake in major American AI companies, warning that government control of artificial intelligence could lead to a "CCP-style social credit system" in the United States.

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.