/AI3h ago

Bojan Tunguz predicts the US government will attempt to nationalize AGI once its arrival becomes obvious

Sabine Hossenfelder warns human-level AI will destabilize the economy.

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Bojan Tunguz@tunguz#687inAI

Yup

Ok, somewhat more seriously, @sama has been going on about the need to change the social contract for some years, and he is right, of course.

If AI reaches human level intelligence at a labor cost below that of most current professions, then a lot of people will lose purchasing power extremely quickly. You don't need a degree in economics to see that this is not a stable situation. Though I recently read a 50 page paper with an elaborate economics model that, well, arrived at this very conclusion.

The obvious thing to happen in that situation is that governments will nationalize AI companies. Sanders is somewhat early to the game, but then again who knows if he'll live to see AGI, so it kinda makes sense, or at least not less sense than American politics in general.

That said, a group from OpenAI proposed already in April to have a "public wealth fund" to give people (presumably US citizens) shares in the AI-generated wealth (see below). I guess that's the smart thing to say if you live in a country where the average Joe is armed to the teeth and drives a bulletproof car, whether or not you actually mean it.

10:14 AM · Jun 3, 2026 · 577 Views
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