Michael Bloomberg/Bloomberg: The government is considering taking ownership stakes in big AI companies, with the president saying it would be a “beautiful thing” for the government to have an equity stake in AI companies.
The American people already benefit from the success of AI through its various uses, and government ownership is not necessary to ensure these benefits.
Government ownership of AI companies could lead to negative effects such as favoritism, cronyism, and corruption, and could also endanger freedom and democracy by giving the government control over information and knowledge…