All Americans can potentially benefit from the AI boom through Universal Basic Capital (UBC), which would give citizens ownership in AI companies, assets or revenues, according to an article by Sarah Keohane Williamson. This concept is distinct from Universal Basic Income, which is simple redistribution of money without ties to capital markets. UBC has been endorsed by politicians including Gavin Newsom, Bernie Sanders, Donald Trump and Steve Bannon, as well as business leaders such as OpenAI's Sam Altman and Google's James Manyika. The idea is not new, as oil-rich nations have used sovereign wealth funds or state-owned companies to manage windfalls. The article argues the sovereign wealth fund model is the right answer, as it spreads one generation's windfall across many, while state ownership puts the government in the business of running AI. Sovereign wealth funds hold broad investments, are managed for a target rate of return, and follow the Santiago Principles, which require investments based on economic or financial grounds. They typically invest outside their home country with limits on domestic investments, and the best have world-class staff and governance at arm's length from domestic politics. Examples include Norway's Government Pension Fund.