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Opinion

AI billionaires appear to be gearing up to demand bailout

They want public to ‘share in AI upside,’ but what about downside?

OPINION — Step right up folks! Please don’t crowd! No need to shove, plenty here for everyone!

Welcome to the AI boom! Silicon Valley billionaires are now proposing a scheme to deliver an unbelievable windfall to every citizen. Tech titans like Sam Altman of OpenAI are pushing the federal government to create a “public wealth fund” to let us commoners be investment partners in building the AI wonderworld.

Lest you worry that this might be a corporate scam, note that Donald Trump, the deal-maker-in-chief, exults that letting the American public buy into the tech booms is a sure bet to make them rich. And Altman adds that a public investment fund would allow Joe and Jill Schmo to “participate directly in the upside of AI-driven growth.”

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