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Bridgewater proposes an AI usage tax to broaden tech ownership

Bridgewater executives said they want governments to act quickly to reduce AI-related risks while ensuring the technology's economic benefits are shared more widely.

Reported · Written up by our desk · Hedge Funds

Bridgewater Associates is urging policymakers to ensure the economic benefits of artificial intelligence are shared more broadly, including a proposed tax on AI usage designed to give ordinary Americans an ownership stake in companies driving the technology, according to Hedgeweek.

The hedge fund, which said it is valued at more than $100 billion, outlined the ideas in a recent paper, where executives including chief investment officer Greg Jensen and chief executive Nir Bar Dea argued governments need to act quickly to reduce risks from increasingly capable AI systems while allowing economic benefits to be realized.

Bridgewater said its recommendations come as investors, policymakers, and technology companies consider AI's potential impact on employment, economic inequality, and corporate power, and it has held informal discussions with Washington policymakers from both political parties.

One of the firm's more unconventional proposals is described as a “token tax” on AI usage.

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