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 3 days ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[โ€“] howrar@lemmy.ca 1 points 1 day ago (1 children)

Why does it matter that Altman fails when there are so many other companies waiting to take their place?

[โ€“] jj4211@lemmy.world 1 points 9 hours ago

Because in this scenario, taxpayer money has been tied into the "winners" already. So that company eager to take his place? Well, that's bad news because the taxpayer fund already picked his company to be the right answer. So we want to prop up Altman and discourage that upstart that might disrupt this theoretical fund.

Same reason why OpenAI was pushing for regulation that they get to shape. Easy for OpenAI to navigate, hard for newcomers to get going.