Sovereign Wealth Fund for AI Companies Backed by 70% of Americans as Nobel Laureates Warn of Job Losses
Bernie Sanders introduced legislation requiring AI companies to transfer half their stock to a sovereign wealth fund, aiming to distribute AI-generated economic benefits to all Americans. 16 Nobel laureates warned AI could cause large-scale job displacement while 70% of surveyed Americans support the plan. Yet experts highlight complex challenges around valuation, governance risks, and payout mechanisms.