this post was submitted on 02 Jun 2026
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Bernie Sanders proposes bill to give the public a 50% stake in AI companies (mashable.com)
submitted 4 days ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[โ€“] Smaile@lemmy.ca 7 points 2 days ago (1 children)

ai doesn't make money so this is a bailout for a piece of junk. the amount of people here that think this will work out is fuckin incredible.

[โ€“] stickly@lemmy.world 4 points 2 days ago

Nothing in the legislation reads as a bailout, the government would unilaterally take 50% stake and the associated voting power. The American public is no worse off if it doesn't turn a profit or gets liquidated.

The bailout would happen when the conservative vultures circle. "We can't let them fail, that would devalue the American portfolio (never mind that this bailout is 2x any value that could ever be gained back)"