Bond.az White LogoBond.az Black Logo

Trump wants to share AI billions with citizens

Donald Trump supports giving AI company shares to citizens. OpenAI's proposed Public Welfare Fund would distribute income to Americans.

Henry Walker
ByHenry Walker- Senior Editor
|
0

US President Donald Trump has supported an initiative to give American citizens a portion of shares in artificial intelligence (AI) companies.

According to Oxu.Az, this was reported by the Financial Times.

The idea, previously mainly voiced in left-wing political circles, gained broader discussion after Senator Bernie Sanders proposed a 50% tax on AI laboratories.

In April, OpenAI officially proposed the creation of a "Public Welfare Fund." Under the initiative, AI companies would transfer a portion of their shares to the fund, with the proceeds distributed among US citizens.

Under the new model, shares would be owned directly by citizens, not the government.

The system is somewhat similar to Alaska's oil fund model, where state residents have received annual payments from the oil revenue fund since 1982.

US Treasury Secretary Scott Bessent has also shown interest in the initiative.

It was reported that leaders of leading US AI companies will meet at the White House next week to discuss the matter.

More News
Today / 11:02
|
815

Dollar's role in global reserves declines

Global central banks plan to reduce dollar's share in reserves due to political risks and shift to multipolar financial system.

0
Today / 11:01
|
954

Pezeshkian in Qom: Iran's Rifts Deepen

Pezeshkian in Qom as Iran's political and religious divides widen. Assembly of Experts statement challenges US talks.

0
Today / 11:00
|
721

Monaco blast: woman's leg amputated

A woman injured in the Monaco explosion had her leg amputated. Among the wounded is Ukrainian oligarch Vadim Yermolayev.

0
Today / 10:32
|
547

Grandma crashes Tesla into cafe in US

Elderly woman crashes Tesla into cafe in Simi Valley, US: 1 dead, 5 injured. Details of the accident.

0
Today / 10:30
|
900

Monaco terror attack carried out via parcel bomb

Monaco terrorist attack carried out via parcel bomb, Ukrainian oligarch injured.

0
Today / 10:01
|
210

Chinese woman forced to pay alimony to biological father

Chinese court orders woman born of rape to pay monthly alimony to her biological father.

0
Today / 09:32
|
818

Strong Solar Flares Detected

Strong M-class solar flares recorded on June 30. The flares may impact Earth.

0
Today / 09:31
|
692

Kyrgyzstan Approves 12-Year Education System

Kyrgyzstan approves 12-year education system. Under the new rules, the total study period will be 12 years, with holidays lasting at least 30 days.

0
Today / 09:30
|
588

Russian army captures 3 villages

Russian army captures 3 villages in Zaporozhye and Donetsk regions. Official statement and details.

0
Today / 09:02
|
328

Israel develops space laser weapons

Israel develops next-generation space laser weapons. Defense Minister Israel Katz outlines strategic goals for absolute superiority.

0
Today / 08:32
|
325

Ebola deaths in Congo rise to 377

Ebola outbreak in DRC: 1,307 infections, 377 deaths. 615 patients in care, 180 recovered. Uganda reports 20 cases.

0
Today / 07:31
|
741

iPhone 18 Pro data stolen in cyberattack

A cyberattack on India's Tata Electronics exposed iPhone 18 Pro details. Leaked files on the darknet reveal component suppliers and specifications.

0
...
Trump wants to share AI billions with citizens | Bond.az