Sam Altman Reassesses Universal Basic Income Amid AI Concerns
Sam Altman has shifted his stance on Universal Basic Income (UBI), suggesting it may not adequately address future societal needs as AI adoption increases. He emphasizes the potential for rising inequality if AI resources are concentrated among a few entities.
Theia Market Signal Identification - AI AssistedSam Altman, co-founder of OpenAI, contributed $60 million to a UBI experiment in 2019, providing low-income individuals $1,000 monthly for three years. However, he has recently expressed skepticism about UBI, stating it may not align with the necessary societal adaptations as AI disrupts the job market.
Altman advocates for a public wealth fund to ensure equitable AI-driven economic growth, warning that inequality could intensify if AI systems are controlled by a limited number of companies. He highlights the need for significant U.S. investments in AI infrastructure to maintain global competitiveness, reflecting a trend of tech leaders engaging more with conservative ideologies.
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