Sanders proposes 50% tax on major AI firms to create $7 trillion sovereign wealth fund; public gains ownership stakes, voting power and $1,000 annual dividends

AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies

WASHINGTON (AP) — As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public.The legislation, shown first to The Associated Press, would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. Sanders estimates that the tax would create a nearly $7 ...