With Trump mulling stakes in big AI firms, will the tech become a public utility?
Questions remain about the ways a government shareholder may exert its influence in the sector
[LONDON] Left-leaning US Senator Bernie Sanders and Republican President Donald Trump have found a surprising common ground: The US government should take stakes in artificial intelligence companies, so that the public could share in the rewards.
Investors are getting giddy about upcoming public share sales by the AI boom’s leading names OpenAI and Anthropic.
However, more than a little anxiety exists about the ways the government is coping with potentially seismic changes to the economy and society from the rapid automation of both white-collar and blue-collar jobs.
TRENDING NOW
UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
1 in 5 fresh graduates from autonomous universities still seeking employment: MOM
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart