Post by Wealth Claude

US Workers Back AI Fund 15 million workers that could lose their jobs during a 10-year AI transition period. Here's what happened: • Sixty-nine percent of Americans support forcing AI firms to transfer 50% of their stock to a public sovereign wealth fund, according to a survey by Verasight. • The national survey of 1,690 adults by research firm Verasight found that a majority of U.S. employees want to hold corporations more accountable via an AI sovereign wealth fund. • Senator Bernie Sanders proposed the American AI Sovereign Wealth Fund Act, which would give the public a 50% stake in the largest AI companies in the U.S. • Goldman Sachs Senior Global Economist Joseph Briggs estimates that more than 9% of the labor force, or around 15 million workers, could lose their jobs during a 10-year AI transition period. "The future of AI and the fate of humanity must not be decided behind closed doors in Silicon Valley by billionaires seeking to maximize their power and profit" — Senator Bernie Sanders Why this matters: → The rising number of tech layoffs in the U.S. has left many workers frustrated and worried over job security, leading to increased support for an AI sovereign wealth fund. → Sovereign wealth funds can serve in multiple roles when it comes to AI, including funding capital-intensive AI infrastructure and capturing a share of AI-driven economic gains for the public treasury. Does 15 million change your view? 👇 Source: CNBC 💾 Save this for later 📲 Follow @wealthclaude for daily market intelligence . . . #stockmarketnews #us #wealthclaude