00:00It's Benzinga bringing Wall Street to Main Street.
00:03Palantir CEO Alex Karp warned Thursday that major AI companies risk nationalization
00:08as Senator Bernie Sanders prepares legislation to give the public a 50% ownership stake
00:14in the country's largest AI firms. Speaking at AIP Con 10, Karp said he has spent six months
00:20privately alerting top AI executives to the threat, largely to dismissal. Sanders outlined
00:26his American AI Sovereign Wealth Fund Act in a New York Times essay on Monday, proposing
00:31a one-time 50% tax on the stock of major AI companies, including OpenAI, Anthropic, and
00:37XAI paid into a federal fund. Sanders argued that because AI draws on humanity's collective
00:44knowledge, its wealth should be distributed to the public. Karp urged AI executives to
00:49openly address AI's societal risks rather than rely on lobbyists, warning that policymakers
00:55who don't understand the technology could push for aggressive intervention.
00:58For all things money, visit Benzinga.com.
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