News: 0183626900

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

Donald Trump, Bernie Sanders And Sam Altman Are All Talking About Public Ownership In AI (apnews.com)

(Sunday June 07, 2026 @11:34AM (EditorDavid) from the strange-bedfellows dept.)


U.S. Senator Bernie Sanders announced a plan for the public to take a 50% ownership stake in AI companies, [1]remembers the Associated Press .

And then OpenAI's Sam Altman "told Sanders that he, too, wants the public to have equity in AI companies."

> Though the CEO said he couldn't support Sanders' threshold of 50%, he nonetheless wanted to work with him to advocate for the general idea, according to people with knowledge of the conversation. The nearly hourlong meeting in Sanders' Senate office this week, held at Altman's request, highlighted the inherent tension between AI powerhouses and policymakers as Americans are increasingly asked to accept the costs of the AI boom even as they remain unconvinced of its direct benefits.

>

> Yet it's also creating odd political bedfellows fueled by populism as politicians from Sanders to President Donald Trump embrace giving the public a stake in AI's growth. Speaking to reporters on Air Force One on Friday, Trump described a potential partnership "where the American people can benefit from the success of AI" and said executives from leading AI companies will visit the White House, "probably next week," to discuss the idea.

The article points out that Altman also met with congressional leaders from both of America's political parties.



[1] https://apnews.com/article/sam-altman-ai-bernie-sanders-trump-public-ownership-772224f9cd138eb79d3ef3336858a5d5



How about at least... (Score:2)

by Rei ( 128717 )

... some public ownership of compute , to offer out for grants to Open Source development, so that the commons can better keep up with the closed source providers?

Re: (Score:2)

by Rei ( 128717 )

(My personal hot take is that, both for copyright reasons ("Purpose and Character of the Use", aka for-profit, is a critical factor in determining copyright violation, such as from scraping), and general moral reciprocity argument (closed commercial models extracts profit from the commons without giving back), closed source trainers should fundamentally be required to give back to the commons in some meaningful way)

Re: (Score:2)

by nomadic ( 141991 )

I think the possible adverse impacts to society would not be outweighed by something that small.

Re: (Score:2)

by Rei ( 128717 )

Who said the word "small"?

It's about copyright (Score:2)

by bagofbeans ( 567926 )

With some measure of public ownership, whatever that means, Congress can roll out an exemption allowing LLMs to snarfle anything ignoring copyright laws.

Re: (Score:2)

by Sloppy ( 14984 )

I think that would be a fair exchange for the resulting LLMs also having no copyright protection.

Re: (Score:2)

by dfghjk ( 711126 )

Why would the public want to "offer out" grants to "Open Source development"? What is the public benefit?

Blame and cost shifting (Score:5, Insightful)

by flyingfsck ( 986395 )

So in other words, they want to offload their failing businesses onto the US Taxpayers.

Re: (Score:2)

by gweihir ( 88907 )

Exactly. And they may succeed. No idea why Sanders thinks this is a good idea though.

Re: Blame and cost shifting (Score:1)

by RightwingNutjob ( 1302813 )

Because he's a communist. He never saw a business or asset he didn't want to pocket "for the people."

Re: (Score:2)

by gweihir ( 88907 )

That is insightless nonsense. No surprise this is coming from you though.

No, it's UBI (Score:2)

by Okian Warrior ( 537106 )

> So in other words, they want to offload their failing businesses onto the US Taxpayers.

That's not really the point.

The point is the upcoming revolution in autonomous labor, which will turn our current financial system upside down.

For reference, you might want to check out [1]Manna [marshallbrain.com], by Marshall Brain (his actual name). It's an easy read, it's short, and it outlines the impact that robot labor will have on our current model of capitalism.

It's no secret that ChatGPT is useful, and a force multiplier for productive output. If that type of breakthrough can be achieved with physical processing, then m

[1] https://marshallbrain.com/manna1

Re: (Score:2)

by dfghjk ( 711126 )

"The point is the upcoming revolution in autonomous labor, which will turn our current financial system upside down."

It's not an "upcoming revolution" and that's not the point. "Autonomous labor" is a means to an end, the point is for very few people to own everything. Our "current financial system" is the enemy, not the thing we risk.

"It's no secret that ChatGPT is useful, and a force multiplier for productive output. "

It's no secret, but it's also no fact. It's a puked up VC sales pitch.

"...we know wit

Re: (Score:2)

by Smonster ( 2884001 )

It would have to be a whole lot more than $1000 a month in government/oligarch cheese. Social security pays far more than that. And with no more workers, there is no more SS fund. And let’s be honest, SS payout amounts right now would not support most Americans’ current lifestyles.

If robots and computers are going to do most of the work in 10-20 years, then what do the owners of the robots and computers need the rest of us for? Among the 10 to 100 million or so people world wide who will own

AI isn't a business (Score:2)

by rsilvergun ( 571051 )

I think this is the thing people are getting confused about.

AI isn't a business. For a brief period of time it will be integrated into the economy as capital. That's not the same thing as a business. It's something you own to produce things. It's not a business in and of itself it's a cost center that is part of a business.

That's not going to last very long. Because that's not the purpose of ai..

The goal of AI is to completely replace wages. Or at least replace enough of them that the bargaining

Re: (Score:3)

by dfghjk ( 711126 )

My reaction too. The difference between ownership and taxation is the important thing to consider. Taxation takes benefit from success, ownership also imposes burden from failure.

Re: Blame and cost shifting (Score:2)

by Fons_de_spons ( 1311177 )

Yup... Just wait a little longer and we will have to buy it to protect those poor investors from bankruptcy.

Such a tragedy else ...

Re: (Score:1)

by BinBoy ( 164798 )

This exactly. There's a potentially valid argument to be made for investing in the overall market but shoveling tax dollars into the trendy stocks of the moment? No.

Obviously, Altman wants this (Score:5, Insightful)

by gweihir ( 88907 )

He knows he is due for a catastrophic business failure quite soon. Being partially publicly owned would give him access to taxpayer money...

Re:Obviously, Altman wants this (Score:5, Interesting)

by geekmux ( 1040042 )

> He knows he is due for a catastrophic business failure quite soon. Being partially publicly owned would give him access to taxpayer money...

You mean Too Big To Fail money.

Let's call it what it is.

And if we thought American auto manufacturing arrogance was a bit Too Big to deal with before, just wait until Seven companies insist they're far too Magnificent to Fail..

Re: (Score:2)

by gweihir ( 88907 )

You are not wrong.

Re: (Score:1)

by sinij ( 911942 )

You could make a case that American auto sector directly employed a lot of people and provided even more jobs indirectly. This is NOT the case with AI firms, that employ almost nobody in a grand scheme of things.

Re: (Score:1)

by sinij ( 911942 )

Agree. No bailouts, no too big to fail for AI firms.

Re: (Score:2)

by gweihir ( 88907 )

If they manage to keep afloat a bit longer, there may be nothing left that could be used to bail them out.

Re: Obviously, Altman wants this (Score:2)

by Fons_de_spons ( 1311177 )

But but but ... Thinks for a minute... China! We need to lead the AI race or become obsolete!

Few, for a minute there, I thought that I ran out if excuses to push Ai down your throat!

Ah yes... (Score:4, Informative)

by Junta ( 36770 )

Altman wants some public ownership, but not 50% which, presuming it would be a voting stake, would actually potentially matter for decision making. It's not a majority but if enough private market shareholders side with the public ownership, then it matters.

Instead, he wants enough for the public to have a stake specifically in the "approved" AI companies so that the companies are unambiguously "too big to fail". A chance to hold hostage a big enough chunk of wealth so that the government is stuck doing whatever it can to protect and ensure the selected companies, whether it be in the face of a souring market or upstart companies that didn't have the good fortune of being selected by the company. Meanwhile, the actual governance and decision making remain firmly status quo. Including decisions about how much to send back to "investors" and how much to "reinvest" (including setting their own compensation). They may even structure it so they can classify public ownership differently from private market, and reward investors in each class differently.

Just another ambition to privatize the gains and socialize the losses.

Not really. Reality is ... (Score:3)

by aglider ( 2435074 )

Sam Altman is talking about his business.

Bernie Sanders is talking about how stopping that business harming people.

Donald Trump is talking.

Re:Not really. Reality is ... (Score:5, Insightful)

by hodet ( 620484 )

Ya Altman and Sanders are talking about two different things entirely. Altman wants taxpayer money to support the company and take on the risk, Sanders wants guardrails. The title makes it sound like some big koombaya moment. Trump just trying to figure out how he can make it benefit him personally.

Re: (Score:2)

by dfghjk ( 711126 )

Approved, finally someone posted it.

The AI Get-Out-of-Bankruptcy Card (Score:5, Informative)

by gtall ( 79522 )

When in doubt, off load to the government. It isn't beyond the realm that el Bunko has done a secret deal with OpenAI for "some" federal control in exchange for a bit of dosh under the table. In fact, given his track record and Altman's ability to be ethically challenged, it is likely. And given that he'll be gone in 2.5 years of the remaining sentence in Hell we have of that dolt, he'll collect now and stick the next administration with the screw up. And it will screw up, that's what he does. Just look at his business record. He was found guilty in NY for financial fraud. It is who he is.

Sanders is angling for tax gains to help replace the taxes el Bunko has reduced on the wealthy.

Re: (Score:2)

by dfghjk ( 711126 )

"Sanders is angling for tax gains to help replace the taxes el Bunko has reduced on the wealthy."

Not really. Sanders has a lifetime of never doing anything beyond talking. He doesn't have specific goals and, frankly, tax/regulation reform is easier to achieve than socializing industry. Sanders is advocating for more than a new source of revenue, though what that would be is unclear as it always is with Sanders.

The way to replace taxes given to the wealthy is to tax the wealthy.

Because State ownership of the means (Score:2)

by wiredog ( 43288 )

of production made the USSR what it is today!

Re: (Score:1)

by sinij ( 911942 )

Means of slopduction.

Re: (Score:2)

by dfghjk ( 711126 )

That is false. Worse yet, if the USSR is anything today it is ascendent.

It's good to know your thinking on the issue ends at partisanship, though. Can save time that way.

Evil will always triumph because good is dumb. (Score:2)

by PseudoThink ( 576121 )

A 50% stake is arbitrary, indefensible, and dumb.

How about a non-voting stake commensurate with the revenue linked to job loss?

If the AI models are trained on/made from the illegally hoovered intellectual property of countless American (or global) intellectual property owners, then distribute the ill-gotten gains among the original rights-owners. The AI companies can take their middle-man share.

Re: (Score:2)

by dfghjk ( 711126 )

What is your arbitrary, indefensible, and dumb solution then? 100%? How would "revenue linked to job loss" be determined?

As with anything involving industry and government, a primary concern is corruption. "revenue linked to job loss", "non-voting stakes", "distributing ill-gotten gains", "original rights owners", these are all opportunities for corruption. A solution that codifies the ways it will be made to fail is no solution.

Make It Personal To You. (Score:3)

by SlashbotAgent ( 6477336 )

Assume that you personally took a ground breaking idea, turned it into a business, and grew it into something of massive value. You did it.

Now why would you give away ANY portion of it, let alone a major ownership stake? That doesn't makes sense and is counter to human nature.

You simply would not do that. I don't care how much of a granola crunching communist philanthropist you think you are. You would not just give away shares of your business for no return. How many of Bernie's millions has he given away? It's been dramatically less than most people with far less money tithe. Almost as if it were just enough to be performative or to manipulate a tax bracket.

Altman is no different than you. He wouldn't just give away his company for shits and giggles, nor magnanimity. So, I have to ask, what is his intended return on this giveaway idea? Are those saying he's aligning himself for a bailout correct? I don't think that is his motivation. But, I can't tell what his motivation is.

Re: (Score:3)

by dfghjk ( 711126 )

"Assume that you personally took a ground breaking idea, turned it into a business, and grew it into something of massive value. You did it."

You can engage in your masturbatory fantasies of personal greatness all you want, but AI is no such thing. AI doesn't exist at all, at least in its current form, without the production of billions of people over enormous time.

"I don't care how much of a granola crunching communist philanthropist you think you are."

I suspect that's all you care about. That's all your

Put your money where your mouth is (Score:2)

by FudRucker ( 866063 )

And make AI licensed under the GNU/GPL_V3 it is the only way to do it right otherwise these corporate giants & politicians and full of bull-oni

Not the same (Score:2)

by BloomFilter ( 1295691 )

Bernie is talking about giving profits back to the people. Trump is talking about giving profits to the treasury so he and other billionaires can spend it on wars and market manipulation and golden statues Sam is talking about staying in the government's good graces, and not getting over regulated. Very different things.

Re: (Score:2)

by dfghjk ( 711126 )

And at least two of those people are full blown sociopaths whose actions we should oppose out of principle.

So you think this is Communism (Score:2)

by oumuamua ( 6173784 )

First it helps to watch Sander's video

> I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America. This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people.

only 5 min [1]https://www.youtube.com/watch?... [youtube.com]

David Shapiro critique: Bernie's plan sucks, actually (26m) [2]https://www.youtube.com/watch?... [youtube.com]

Some say UBI, UBC, wealth funds are not enough and g

[1] https://www.youtube.com/watch?v=VN4b4UCWMKI

[2] https://www.youtube.com/watch?v=-wQ8TM8CD3c

It's hard to imagine... (Score:2)

by MpVpRb ( 1423381 )

...a worse outcome, but I'm sure that Trump and his cronies will come up with one

Re: It's hard to imagine... (Score:2)

by Fons_de_spons ( 1311177 )

It is a competition over there isn't it. I bet they hired someone to review everything. "Uhm Mr. President, page 7 paragraph 32, I found something that may be a bit too reasonable and needs rewording." "Ah good catch, silence everyone! I need to think! Ah, I got it. Add a "not" before the "equal" over here." "Brilliant mister president!" "Shut up, where are my pancakes! I need my pancakes!"

Infinite Bubble (Score:2)

by brunes69 ( 86786 )

So when AI valuations pop, the taxpayer is now on the hook

Too Big to Fail (Score:2)

by Sloppy ( 14984 )

It hasn't produced anything yet, but somehow it's already Too Big to Fail? Sanders and Trump can go fuck themselves.

Freaks In Linux Houses Shouldn't Throw FUD

By Mr. Stu Poor, technology pundit for the Arkansas "Roadkill
Roundup" newspaper. [Editor's Note: He's the local equivalent of Jesse
Berst].

As you all know, February 17th was the happy day that Microsoft officially
released Windows 2000. I went down to the local Paperclips computer store
and asked if they had any copies in stock.

One of the pimply-faced Linux longhairs explained that Paperclips didn't
carry Win2K because it is not intended for consumers. What FUD! I can't
believe the gall of those Linux Communists to spread such FUD (Fear,
Uncertainty, and Doubt) about Windows 2000, which is _the_ best, most
stable operating system ever produced in the history of mankind!