President Trump surprised tech CEOs by suddenly pushing the idea of the U.S. taking a small ownership stake in AI giants, so the American people share in the upside of what will be trillion-dollar companies. “There’s something very interesting about it, where it almost becomes a partnership with the American public,” Trump told reporters aboard Air Force One yesterday. “It’s like you make them [partners] in this revolution. It would be a beautiful thing. … It would make 'em rich.” Why it matters: Sen. Bernie Sanders (I-Vt.) reignited the conversation this week when he proposed giving the public a “direct ownership stake” in top AI companies via a one-time 50% tax, paid in stock. Of course, industry advocates of the idea would favor giving up much less for an AI public wealth fund - 1-5% stakes have been kicked around. Between the lines: When a reporter asked Trump about the incongruity of embracing a proposal by Sanders, a democratic socialist, the president touted his economic populism. “As far as economics is concerned,” Trump said, “we have certain things that aren’t that far apart. People are surprised.” 🚩The prospect of government ownership of AI would be a “seismic shift,” according to Gary Marcus, a cognitive scientist, AI entrepreneur and longtime AI critic. He said that the government ownership would poison trust in American AI abroad. “Nobody is going to trust an American AI company that is partly owned by the US Government,” he wrote on LinkedIn, comparing it to the way the United States distrusts Huawei. “After this meeting, everything is going to change. I don’t think either Washington or Silicon Valley has really thought this through.” Link:➡️ https://www.rdworldonline.com/trumps-ai-push-turns-government-into-reviewer-warfighter-supplier-and-possible-shareholder/ submitted by /u/Holiday_Phase7648
Originally posted by u/Holiday_Phase7648 on r/ArtificialInteligence