[w10-1]

This is more interesting than it looks, because it's using normal corporate control rather than regulation.

Obviously the current stakeholders hate losing control and wealth, but that's not the biggest issue.

Senator Sander's goal is not for some vast public to share the wealth, but for the government to have a veto on what gets done, to limit the collateral damage/exported costs. That's a classical government function.

However, the record of regulatory capture is nearly perfect, so it's likely the reverse would be achieved: the government-sponsored providers being a required intermediary in all knowledge work, with a corresponding incentive to seize those reins.

The probabilistic range of possibilities looks bleak: Now that all regulatory or quasi-governmental agencies of any import (Fed, FDA, EPA, Congress, Courts, CPB) have demonstrated remarkable plasticity to political whim, one would anticipate the worst would come of creating a political franchise out of fighting for control over AI; it would corrupt other aspects of politics.