As new tech threatens jobs, Silicon Valley promotes no-strings cash aid

Forbes

OpenAI Founder Sam Altman Gave Thousands Of People Free Money. Here’s What Happened.

Wired

Here’s What Happens When You Give People Free Money

Elon Musk

Vladimir Putin

Bill Gates

Andrew Ng

Melanie Mitchell

Hod Lipson

Sam Altman

Geoffrey Hinton

Yann LeCun

Gary Marcus

Yuval Noah Harari

Sundar Pichai

"[T]here will be far greater jobs" thanks to AI and "the jobs of today will get better."

AI will probably "take over a lot of jobs," but could also "create new kinds of jobs"

"[W]e might witness the creation of a massive new unworking class."

AI "is not going to put a lot of people out of work permanently" but work will change.

AI might take away more than just "drudge work."

"AI software will be in direct competition with a lot of people for jobs."

"Automation and AI will take away pretty much all of our jobs."

Eventually, "AI will be able to do everything" and jobs will exist only for "personal satisfaction."

Will AI Replace All Jobs?

The results of a three-year study on universal basic income, carried out in Illinois and Texas by OpenResearch — a group backed by OpenAI founder Sam Altman — are out.

Bloomberg.com

The study involved around 3K people aged 21-40, earning less than $30K annually. For three years, 1K participants received $1K a month, while a control group of 2K received $50 a month.

Quartz

The study's results reportedly provide insights into the sustainability of a universal basic income model in a possible future with a critical role played by artificial intelligence (AI).

Observer (NY)

It found that those receiving $1K worked fewer hours weekly than those receiving $50 monthly. Every participant was at or under 300% of the federal poverty line.

In addition, Americans who received $1K a month demonstrated "greater agency to make decisions," including preparing for the future and "expressing interest in new business ventures."

Business Insider

Altman's interest in the project reportedly stemmed from predictions that AI and automation could obsolete jobs and that society may need a universal basic income model to ensure equitable wealth distribution.

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Altman Releases US' Largest Basic Income Study's Findings

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Altman Releases US' Largest Basic Income Study's Findings

Altman Releases US' Largest Basic Income Study's Findings

The Controversies

Altman

Mitchell

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Hinton

Ng

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Musk

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Altman Releases US' Largest Basic Income Study's Findings

Altman Releases US' Largest Basic Income Study's Findings

The Controversies

Altman

Mitchell

Harari

LeCun

Hinton

Ng

Lipson

Musk

Go Deeper

Articles on this story

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