In a Bloomberg Opinion column, Michael Bloomberg criticizes proposals circulating in Washington to give the US government equity stakes in major AI companies, including a plan from a Vermont senator to require large AI labs to hand over roughly half their equity to a sovereign wealth fund. He argues that both political parties are focused on short-term revenue from such arrangements without considering the longer-term consequences of government ownership in a critical technology sector. Bloomberg contends that keeping AI development in private hands, subject to appropriate regulation, is preferable to a government-ownership model.
