this post was submitted on 18 Jun 2026
3 points (100.0% liked)

Technology

87469 readers
3381 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
3
Bernie Sanders Introduces Legislation to Create $7 Trillion AI Sovereign Wealth Fund (www.sanders.senate.gov)
submitted 2 months ago by beep@piefed.world to c/technology@lemmy.world
4 comments fedilink hide all child comments
 

cross-posted from: https://piefed.world/c/tech/p/1204708/bernie-sanders-introduces-legislation-to-create-7-trillion-ai-sovereign-wealth-fund

you are viewing a single comment's thread
view the rest of the comments
[โ€“] XLE@piefed.social 1 points 2 months ago* (last edited 2 months ago) (1 children)

I'm not an economic genius, but this doesn't seem like a great idea.

At current valuations, the sovereign wealth fund that would be created under this legislation would be worth an estimated $7 trillion.

Are these companies really worth what their valuations claim to be?

The Independent Commission would use voting shares in these companies to block decisions that hurt the American people and to push for policies that help them.

Wait, who's purchasing the shares in these companies?

it would require large companies that operate both AI and non-AI businesses to break up those businesses, ensuring the public receives an ownership stake in the AI business.

Separate the profitable part and let the oligarchs keep that for themselves??

ETA: Bernie Sanders has been mislead by an actual AI doom cult leader, so the AI-is-inevitable lobby's foot is already in the door with him.

[โ€“] Nouvellalia@lemmy.world -1 points 2 months ago

Oh god, he's listening to yud?

Bernie, my man, you're too old for this one. Your discernment breaks in this basin. Get out and find some youths you know and trust for reasons outside politics and tech.