In a recent New York Times op-ed, the senior socialist senator from Vermont argued that artificial intelligence was “built on our collective intelligence”—our “books, songs, artwork, journalism, computer code, scientific research, videos, conversations, images and ideas spanning generations.” The most important question, he said, is not whether AI will change the world but “who will own and control that future.” He proposed a one-time 50 percent tax on the largest AI companies, to be paid in shares held by a government-run sovereign wealth fund. The federal government would get voting shares, board representation, and the power to “block decisions” it decides are…

Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period.Key points:Bitcoin sustains upside momentum as BTC price action nears its 200-week moving average.That trend line now forms the centerpoint of a “strong resistance area.”Global equities hit record levels as Fed rate-hike odds simmer on weaker jobs data.Bitcoin buyers “chasing” as BTC price eyes key trend lineData from TradingView showed BTC/USD reaching $62,295 on Bitstamp, its highest since June 24.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewUS markets were closed for the Independence Day holiday, with the Dow Jones closing at record highs the day prior.  As…

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