Not wrong... But also sounds a lot like communism (the people own the means of production and all that). So it might be a bit too radical for the US.
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Does this mean we can do what we want to ChatGPT?
Why the hell not? AI companies wantonly stole our data after all. I seriously think that we should update Marxist theories with respect to AI and knowledge economy. The old Marxist theory on labour is becoming obsolete in the face of deindustrialisation, the boom and bust of knowledge economy, and the coming age of AI.
Better idea: drive a stake 50% through AI CEO's chest. Better, faster results, not just economically, but ecologically too!
Keep your eye on the ball: 100% of the profits must pay for universal healthcare.
I love this idea, but I’m not sure if any AI company has made any profit to date lmao
No AI company will ever make a profit.
That’s no excuse for you to forget that human rights is our ultimate goal.
Never take your eye off the ball. Vote for humans. Fight for human equality. 🏳️🌈
Almost everyone in this thread seems to be assuming the US would pay for half the shares/equity of these companies.
That is not what is being proposed.
What is being proposed is that the US Govt simply seize half the shares/equity/board voting powers in these companies, without paying a cent for them.
It is a half-nationalization.
Not a half-bailout.
EDIT
I go into more detail and explain in this comment in this same thread:
Yeah that’s what I read here, acquisition not share purchase.
As someone who has never used AI, another thing that springs to mind; the possibility that under good governance and regulation, AI services might become more trusted and perform better.
I’m trying to find flaw with this proposal, given what’s in front of us with AI, as someone who doesn’t know a lot about using it but sees everyday the problems bad regulation and intention causes with it.
True but most of the value of these LLMs comes from ingesting data produced by the public, with a healthy amount of copyrighted data.
Would you be in favour of class action lawsuits to compensate for the intellectual theft instead?
No, not instead.
In addition to, sure.
Class action lawsuits as a primary counter action to damages?
... why not just ... stop the damages from happening?
If you have 50% of the shares, you have a controlling interest on the board.
You can significantly just tell the company what to do, what policies to have.
Going through through the courts to compensate the damage after the fact is massively more expensive and time consuming... its hitting someone with your car and they paying their medical bill 2 years later.
Why not just not hit them with the car?
Good clarification. I'm convinced we will end up bailing them out anyway. We should nationalize and operate as a public good if generative AI is that important to society.
First of all, fuck no. Remove all of the AI companies. Now. Secondly, this will guarantee they become "too big to fail". Like, it feels as if they're purposefully doing this to make it palatable to bail them out.
I think the intention is to get the profits of automation to the people when more jobs are inevitably automated.
Does this mean we'll all be bag holders when the AI bubble bursts?
We are already holding the bag.
They are "too big to fail"
It is the de way
When I found out what it meant when other countries have sovereign wealth funds...
I have no idea how most people in America keep convincing themselves they've somehow got a good deal.
It's mostly oil countries that have a sovereign wealth fund and it comes out of the oil money. Norway, Saudi Arabia. Idea being that oil is a limited resource with a lot of value and the proceeds should be used to ensure everyone's future.
Of course the US IS an oil country...
You know they will agree and give everyone stakes exactly when bubble is about to pop
How about a 50% stake in all companies valued over 5 billionaire dollars.
Pretty horseshit to act like they trained AI on only American data so only Americans should benefit.
What about the literal entire rest of the world? They get nothing right?
Just another example of America exploiting the world for their own benefit. Even the good ones are so corrupted by their system that they do it without realizing.
What are you suggesting should have been done here?
How about a fund that spreads out the money globally?
How about reinstating US international AID at a bare minimum?