[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 “