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Bloomberg finds the government taking shares in AI companies dangerous

The Korea Herald (Biz)
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Bloomberg finds the government taking shares in AI companies dangerous
Photo: koreaherald.com

Points clés

  • The idea of the government taking shares in AI companies is on the agenda in Washington.
  • Michael R. Bloomberg stated that this approach is short-sighted and dangerous.
  • Both the President and the Vermont senator support the concept.
  • The proposal plans to leave 50% of the companies' shares to the government.

En chiffres

%50 share transfer rate

While debates continue regarding the need to regulate artificial intelligence, US President Michael R. Bloomberg is drawing attention to a new and dangerous idea spreading in Washington. In this context, it is stated that there are plans for a specific portion of the largest AI companies to be owned by the government.

According to the plan in question, a portion of the shares of major AI laboratories will be transferred to a government-owned fund. This idea is welcomed positively by both Republican and Democratic politicians. However, Bloomberg argues that politicians are only considering short-term financial gains and ignoring long-term risks.

Pointing to the socialist proposal of the Vermont senator to leave 50% of the companies to the government, and the fact that the President also views this issue favorably, Bloomberg criticizes the approach from an ideological standpoint. Bloomberg emphasizes that the government becoming a shareholder in AI companies is a wrong idea.

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Questions fréquentes

What exactly is the dangerous idea criticized by Michael R. Bloomberg?
It is the US government directly owning shares or acquiring partnership rights in the largest artificial intelligence companies.
Which political figures support this idea?
The US President also approaches this idea positively, which was brought to the agenda by the proposal of Vermont's socialist senator.
Why does Bloomberg criticize this approach?
He criticizes it because he believes both parties are focusing solely on short-term financial gains and that the government taking shares in companies carries long-term risks.

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