Billionaire California billionaire Tom Steyer has proposed a plan to institute a special tax on AI companies to create a sovereign wealth fund for the state. This would use the funds to fund education, job training, and even cash dividends. Steyer, who is currently running for governor in California, believes that the AI revolution could lead to many white collar workers being out of their jobs and many unable to pay their bills. His proposal includes creating a dedicated investment vehicle funded by a token tax on corporate AI use, a fraction of a cent for every unit of data processed by Big Tech. He also suggested that training people in new jobs displaced by AI is the key.