Story perspectives

Steyer Proposes AI Tax; Trump Orders AI Litigation Task Force

5/9/2026

Summary

Story summary

Tom Steyer, a California gubernatorial candidate, proposed an AI data-processing tax to fund a Golden State Sovereign Wealth Fund for displaced workers.
The tax would charge a fraction of a cent per data unit, financing jobs in healthcare, housing and energy-infrastructure modernization.
President Donald Trump signed an order creating an AI Litigation Task Force after a report showed AI cuts accounted for 26 % of 88,387 layoffs, or 21,490 jobs lost.

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Story summary

Tom Steyer, a California gubernatorial candidate, proposed an AI data-processing tax to fund a Golden State Sovereign Wealth Fund for displaced workers.
The tax would charge a fraction of a cent per data unit, financing jobs in healthcare, housing and energy-infrastructure modernization.
President Donald Trump signed an order creating an AI Litigation Task Force after a report showed AI cuts accounted for 26 % of 88,387 layoffs, or 21,490 jobs lost.