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General3h ago

California Governor Proposes National AI Equity Fund

Broadband Breakfast1 min brief

In brief

  • California Governor Gavin Newsom is calling for a national public equity fund to give every American a stake in artificial intelligence wealth.
  • He outlined the proposal in a recent essay.
  • The fund would take a major ownership position in the AI economy and use revenues to support workers displaced by automation.
    • This matters because automation could generate enormous gains, with millions of jobs at risk.
  • Newsom's plan aims to share these gains with the public.
  • The proposal could bring significant changes to the US economy, with potential benefits for millions of workers.
  • The future of work will likely be shaped by this idea.

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