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CNBC·4 min read·medium

Majority of U.S. workers support AI fund amid tech layoffs: survey

J
Justina Lee
Majority of U.S. workers support AI fund amid tech layoffs: survey
✦AI Summary

A recent survey indicates that 69% of Americans support the creation of an AI sovereign wealth fund to redistribute corporate profits from AI firms to the public. This proposal aligns with legislation introduced by Senator Bernie Sanders to address concerns over job displacement.

Why it matters

The debate reflects growing public anxiety regarding the economic impact of AI and the concentration of wealth within the tech sector.

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A majority of U.S. employees now want to hold corporations more accountable via an AI sovereign wealth fund, amid dissatisfaction over a growing number of tech layoffs despite higher overall corporate profits, according to a recent poll.

The national survey of 1,690 adults by research firm Verasight, which was carried out in June and published earlier this month, suggests that 69% of Americans now support "forcing" AI firms to transfer 50% of their stock to a public sovereign wealth fund.

"In the eyes of the public, AI Sovereign funds are seen as a tool to distribute the gains from the AI industry back to broader society," said Benjamin Leff, chief executive officer of Verasight.

In June, Senator Bernie Sanders proposed the American AI Sovereign Wealth Fund Act which, if passed, would give the public a 50% stake in the largest AI companies in the U.S.

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