[Michael R. Bloomberg] Government AI is a terrible idea

In the push to regulate artificial intelligence, a dangerous idea is gaining ground in Washington: handing the US government ownership stakes in the biggest AI companies.

Both parties see immediate dollar signs.

Neither is thinking longer-term.

Somewhere, Karl Marx is smiling.

It’s not surprising that Vermont’s socialist senator wants to require the big AI labs to fork over 50 percent of their equity to a “sovereign wealth fund,” but the president also seems to like the concept, saying that it “ ...