this post was submitted on 02 Jun 2026
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OpenAI don't own any GPU, they lease it from Microsoft or from Oracle. Oracle bought GPU by emitting billions of dollars of corporate bonds. OpenAI only owns AI models that they copy to datacenters. Same is with Anthropics. They own no datacenter or GPU they just lease it from other parties.
Bernie Sanders is putting taxpayers responsible for overspending on datacenters and make datacenters bailout. He should propose that all models should be open to public if they are used by government organizations so it can be independently audited by researchers. That would prevent those companies to cause harm to people.
xAI is now (or will very soon be) part of SpaceX.
They physically own massive 'Colossus' datacenters with tons of GPUs.
As to leasing vs owning, I already addressed that.
If you are the government and you are half of the shareholders, you can pressure your own AI company, or the companies from whom your AI company leases GPUs from to be more honest and transparent regarding accounting methodologies.
Bernie is not proposing that any taxpayer money be put toward this at all.
The only actual expense here would be the minute cost of simply hiring some people to run and manage the sovereign wealth fund. Miniscule in comparison to the potential equity value of $$$s being managed. Think something like the administrative cost of running say, the SEC or FTC, in comparison to the amount of money moving around that they can affect.
He is proposing the government simply half nationalize these companies, as Trump not long ago did with TikTok.
If the government is half of every US based AI company's board, they can also very effectively pressure them to make the models open source.
Not sure if you don't understand the concept of nationalization, but basically, thats when the government looks at something and says 'i own this now, because I say so'.
Theres no payment. Its... why I use the word 'seize'.
Same way Marx argued that workers should 'seize' the means of production: Just take them.
SpaceX is another flop. It's main income is from NASA. $30B in long term debt, they estimate $1.75T valuation only year they showed any profit was in 2024 and it was $242M. Just to compare the private company that literally landed on moon Firefly Aerospace is worth $7B valuation debuted last year. -38% on NASDAQ. I'm not from US you're living in some bad dream right now. Wake up people because they are fucking you in the ass and you're clapping.