Bernie Sanders unveils $7 trillion plan to give Americans control of AI industry

Bernie Sanders has proposed legislation that would create a sovereign wealth fund financed by a one-time 50 percent tax on the largest AI companies, estimated to generate $7 trillion and provide annual payments to Americans. The plan would also establish an independent commission with voting power to influence corporate decisions and prevent actions that could harm the public. AI industry leaders have expressed disagreement with the proposal's scope, with some viewing it as excessive confiscation of property, while Republican-controlled Congress appears unlikely to pass the legislation without support from the current administration.