Sam Altman abandons idea of guaranteed income amid AI boom
Sam Altman, the CEO of OpenAI, has abandoned the idea of guaranteed income in the context of artificial intelligence (AI) deployment, stating that a fixed payment model cannot adequately address the changing balance between labor and capital. He highlighted that while a previous experiment provided low-income participants with $1,000 monthly for three years, it did not lead to significant improvements in healthcare despite increased spending. Altman is now proposing the creation of a Social Prosperity Fund, which would allow every U.S. citizen to benefit from the economic growth generated by AI advancements, suggesting that citizens should receive a share of the resources or assets derived from AI technology to prevent worsening social inequality.
OpenAI CEO Sam Altman has announced that he no longer considers an unconditional basic income model appropriate amid the mass rollout of artificial intelligence. He argues that simple fixed payments cannot respond to the shifting balance between labor and capital. Ixbt.com reports.
In 2019, Altman and his colleagues raised $60 million for an experiment. As part of this initiative, low-income participants received $1,000 per month over three years.
The results showed that their spending increased, but there was no significant improvement in healthcare outcomes.
Now Altman is proposing the creation of a Social Welfare Fund. Through this fund, every US citizen could receive their share of the economic growth generated by the development of artificial intelligence.
In his view, citizens should be given a stake in the computing resources or assets of AI. If access to technology is restricted, this will lead to even greater social inequality in society.
Comments 0
…