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deep tech Ars Technica June 18, 2026

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

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

Bernie Sanders has unveiled an aggressive plan to transfer trillions from leading AI firms to the public, and, to the likely horror of AI firms, it goes even further than expected to give Americans more control over the AI industry. Sanders shared a summary of his legislation with AP News . If passed, the law would create a sovereign wealth fund “financed through a one-time 50 percent tax on the stock of the largest AI companies,” AP News reported.

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