Democrat Abdul El-Sayed wants Americans to own half of major AI developers, including Anthropic, which filed for an IPO Monday, and OpenAI. On Polymarket, traders put El-Sayed’s election chances near 72%, with about $3 million traded.
Americans Would Own Half of AI GiantsEl-Sayed backs Sen. The shares would enter a public sovereign wealth fund that Sanders estimates could be worth $7 trillion.
Microsoft Corp. (NASDAQ:MSFT) owns about 24% of OpenAI.
com Inc. (NASDAQ:AMZN) owns an estimated 9% of Anthropic, while Alphabet Inc.
Under Sanders’ proposal, Microsoft’s stake in OpenAI would fall to about 12%. El-Sayed’s expanded October plan also seeks to pause frontier AI development and new data centers until safety standards are established.
University of Michigan professor Elizabeth Anderson told PolitiFact the mandatory equity transfer “sounds like outright expropriation,” questioning its constitutionality. The fund could finance charitable grants or direct payments to specific populations.
Anthropic plans to list on Nasdaq under the ticker ANT.
