The U.S. government is eyeing a bold new role in AI: direct ownership stakes in major players like OpenAI and xAI. Senator Bernie Sanders proposes a sovereign wealth fund, funded by a one-time stock-based tax on AI giants, to ensure citizens share in AI’s massive economic upside. While betting markets have flirted with the idea of nationalizing SpaceX, odds have dipped — but the underlying trend is clear: AI’s future is being reshaped by government intervention, whether through ownership, regulation, or both.

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