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Chronicles

The story behind the story

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A profile of Sarah Polcz, the UC Davis law professor that Bernie Sanders' team consulted weekly while developing his AI company sovereign wealth fund proposal

A couple of weekends ago, Sarah Polcz, a University of California, Davis, law professor, and her husband, Adam Brown, a top scientist at Google's DeepMind

The Information Eli Rosenberg

Context & Ripple Effects

Sanders’ AI-wealth proposal has moved from a broad call for public ownership stakes in leading AI companies to a more defined legislative concept financed by a stock tax on companies meeting an AI-sales threshold. Related reporting also says U.S. officials have discussed taking stakes in major AI companies, making the ownership question part of a wider policy debate rather than a standalone Sanders initiative.

The profile identifies Sarah Polcz as a recurring adviser during the proposal’s development, showing that its design has drawn on legal expertise. Her household connection to a senior DeepMind scientist also places the story at the intersection of AI policy formation and the industry it would govern.

First-order effects

  • Polcz’s role gives Sanders’ team an identifiable legal-policy architect for an AI sovereign-wealth-fund proposal that would directly target large AI companies’ equity or stock value.
  • Google and other leading AI developers become more directly implicated in a policy discussion over whether the public should capture an ownership-based share of AI-generated wealth.

Second-order effects

  • A more developed ownership-and-tax proposal raises pressure on AI companies and their policy teams to engage not only on AI safety rules but also on taxation, equity and distribution of AI gains.
  • The involvement of advisers with ties to AI research organizations may intensify scrutiny of how policymakers manage conflicts, disclosure and access as they formulate rules affecting major AI firms.

Third-order effects

  • If public-equity proposals gain traction, AI governance could broaden from regulating model risks to determining who owns and receives the economic returns from strategically important AI infrastructure.
  • The emerging contest is over whether AI’s gains should be addressed through conventional taxes, public investment vehicles or direct government stakes; the corpus shows active discussion, not an established U.S. policy direction.

The trend: AI policy is expanding from safety and competition oversight toward mechanisms for public participation in the sector’s concentrated economic upside.