Bloomberg Slams Trump's AI Ownership Plan as Path to 'Cronyism'

Executive Briefing

• Warns federal AI ownership would corrupt markets, turning Washington from regulator into profit-driven investor
• Invokes Orwell and Marx to criticize what he calls a centrally planned economy approach
• Argues Americans can share AI gains through public markets and economic growth without government equity stakes
• Proposes fixing the tax code instead of buying into AI companies to ensure public benefit
• Predicts federal shareholding will transform AI markets into a 'smoke-filled backroom' of corruption