Billionaire Mike Bloomberg Warns Trump’s AI Ownership Plan Would Make ‘George Orwell Blush’ The proposal to have the US government take a stake in AI companies has been met with excitement from some quarters, but it should send shivers down the spine of anyone who values free markets and individual liberty.
President Donald Trump's administration is considering an unprecedented move: injecting taxpayer dollars into private AI ventures. At first glance, this might seem like a clever solution to the AI boom's funding woes.
However, billionaire Michael Bloomberg warns that Washington's intervention would be disastrous.