Senator Bernie Sanders has introduced legislation proposing a 50% public ownership stake in major US AI companies through a one-time stock tax. This plan aims to redistribute the industry's wealth, with an estimated $7 trillion fund potentially distributing over $1,000 annually to every American.

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies.

The Vermont senator wants to create an AI sovereign wealth fund—with an annual public payout.

The stake would be acquired through a tax on AI companies, paid through the issuing of new stock.