Yet, even the best US-China-led treaty cannot, alone, deliver the one thing —beyond safety, national security, and American leadership — that your voters expect (along with several top AI lab leaders): a guarantee that not just a few coastal billionaires, but all Americans a share in the wealth and power AI creates.
The European answer would be an "AI tax" or "AI dividend" — bureaucratic, un-American, repealable by any future Democratic administration — and still leaving a few unelected technologists making the most consequential decisions of this century for everyone else. That is not the American way.
The American way is ownership. Your US Sovereign Wealth Fund, making strategic high-return investments in critical tech firms, and your Genesis Mission, powercharging public-private scientific innovation, are slated to generate immense scientific innovation and wealth for Americans.
Yet, as they stand today, they concentrate the wealth and power they will generate in federal bureaucracies, which may or may not "trickle down" to Americans and even if they do, they could be taken away by a future administration. Furthermore, those programs, by themselves, will hardly prevent an immense concentration of power and wealth in a few US firms, largely on the basis of intellectual property that citizens own.
In the 80s, Margaret Thatcher made most Brits co-owners through her privatization of critical national state firms, which became a way to democratize both the power and the wealth of those. achieved the same by achieving resiliency because it is embedded in the state constitution.
A fast emerging coalition is bringing forth a vision for a second phase of your two visionary programs, whereby every American family has a direct equity stake in the wealth and power of leading AI and robotics companies with an investment into those two programs — meaning the Federal government can reduce their public debt and citizens will get their fair share.
As in the 80s in Britain, this idea of making citizens owners of key firms is taking hold in a fast-emerging bipartisan-MAGA coalition, floated by Bannon, Beck and The Human Movement, and it has been suggested by Sam Altman since 2021. Their general aims are supported by others who have vouched for proposals in the same direction, albeit much less resilient such as Musk's Universal High-Income proposal, Amodei's repeated warnings and proposals, and even the CEO of the largest AI investor warning of social unrest.
Durability of such a co-ownership scheme would require its embedding in a Constitution amendment (like the Alaska Permanent Fund offered). Yet, this is a very tall order, so the only other solution is to embed them in the global AI treaty. Making citizen-equity provisions a condition of AI lab global licensing, locking them in. No future US administration, no foreign jurisdiction, no rival capital can quietly undo what the treaty enshrines.
Another critical aim is achieved by inscribing it in the treaty: other AI superpowers like China cannot utilize less democratic corporate structures to compete unfairly with US firms, as Chinese garment firms did for decades when they unfairly competed by breaching their workers' civil rights.
A major problem would arise on how the theoretical power of citizen shareholders is exercised, given how unaccountable typical corporate governance is to large numbers of small investors. Some American proposals for meritocratic citizen's assemblies and other battle-tested forms of governance should be explored to guarantee both accountability and competency.