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US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds
Exclusive: Sanders follows Trump toward government stakes...
Morgan Chalfant · 2026-06-03 · via Semafor

The political horseshoe is bending around businesses benefitting from the AI boom.

Sen. Bernie Sanders, I-Vt., is proposing a bill that would give the federal government a stake in leading AI companies, a bid to help the American public benefit from the technology while carving an avenue for the government to influence its development.

The idea is a close cousin of President Donald Trump’s move to take government stakes in several companies sitting in strategic sectors, like Intel and MP Materials.

But in a sign that Trump’s muscular federal role may not survive his presidency, Sanders’ idea is landing poorly with lawmakers in both parties wary of extreme government intervention.

“I don’t want the government involved in the private sector,” said Sen. Ron Johnson, R-Wis. Sen. John Fetterman, D-Pa., said the proposal sounded “communist.”

The White House didn’t return a request for comment.