Bernie Sanders Saw This Coming
For decades, the senator has argued that concentrated wealth threatened American democracy. Now he’s betting that frustration with Big Tech, billionaires, and unchecked AI is reaching a tipping point.
A senator who has long argued that concentrated wealth threatens democracy is now advocating for regulation of the AI industry, proposing both a moratorium on data center construction and a sovereign wealth fund that would tax large AI companies and distribute profits to the public. The sovereign wealth fund would give the public half the seats on company boards, allowing them to block decisions that could cause mass unemployment or harm privacy rights, and would direct half of AI-generated wealth increases to citizens rather than billionaires. The senator's push matters because AI is described as the most consequential and transformational technology in history, yet Congress has passed no significant legislation to regulate it as of the time of this interview. The senator believes frustration with concentrated tech wealth and unchecked AI development may finally be reaching a tipping point, evidenced by public opposition to data centers and electoral shifts against establishment candidates.
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