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Universal basic income could be used to soften hit from AI job losses in UK, minister says

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There's a "wall of fear-mongering and doomerism" in the AI world right now.

"Worrying about AI today is like worrying about overpopulation on Mars."

Concerns that AI could pose a threat to humanity is "preposterously ridiculous."

Claiming AI poses an existential threat is "such an extreme" and risks "wip[ing] out some of its potential benefits."

"I'm more concerned about... the risks that are here and now [than the existential threat of AI]."

Current AI is "not anywhere close" to posing an existential threat but it could in the future.

AI is the "biggest existential threat" to humanity.

AGI's worst-case scenario would be "lights-out for all of us."

Powerful AI systems "taking control" pose an "existential threat."

AI has a "10 to 25 per cent" chance of destroying humanity.

"The most likely result of building a superhumanly smart AI... is that literally everyone on Earth will die."

Does AI Pose an Existential Threat to Humanity?

Jason Stockwood, the UK investment minister, stated that the government may need to consider a universal basic income to support workers whose jobs are disrupted by AI. He told the Financial Times that industries affected by automation would require a "soft-landing" approach.

Jason Stockwood, the UK investment minister, stated that the government may need to consider a universal basic income to support workers whose jobs are disrupted by AI. He told the Financial Times that industries affected by automation would require a "soft-landing" approach.

Universal basic income is not currently part of official government policy, but Stockwood confirmed that people within the government are "definitely talking about it" as a potential response to AI-driven job displacement.

Universal basic income is not currently part of official government policy, but Stockwood confirmed that people within the government are "definitely talking about it" as a potential response to AI-driven job displacement.

Research by Morgan Stanley found that the UK is losing more jobs than it is creating due to AI and is being affected more severely than other major economies. London Mayor Sadiq Khan warned this month that AI could usher in a "new era of mass unemployment."

Research by Morgan Stanley found that the UK is losing more jobs than it is creating due to AI and is being affected more severely than other major economies. London Mayor Sadiq Khan warned this month that AI could usher in a "new era of mass unemployment."

Technology Secretary Liz Kendall acknowledged that "some jobs will go" as a result of AI, particularly entry-level roles in finance and law, but argued that "more jobs will be created than will go" and pledged the government would help people adapt.

Technology Secretary Liz Kendall acknowledged that "some jobs will go" as a result of AI, particularly entry-level roles in finance and law, but argued that "more jobs will be created than will go" and pledged the government would help people adapt.

Stockwood previously worked at Lastminute.com, Travelocity and Match.com before overseeing the sale of Simply Business to Travelers for $490 million in 2017. He grew up on a council estate in Grimsby and later bought a stake in Grimsby Town football club.

Stockwood previously worked at Lastminute.com, Travelocity and Match.com before overseeing the sale of Simply Business to Travelers for $490 million in 2017. He grew up on a council estate in Grimsby and later bought a stake in Grimsby Town football club.

Stockwood criticized wealthy individuals who prioritize tax avoidance, stating that those who seek to pay the lowest tax are "not committed to your communities and the long-term success in this country," though he no longer advocates for additional wealth taxes.

Stockwood criticized wealthy individuals who prioritize tax avoidance, stating that those who seek to pay the lowest tax are "not committed to your communities and the long-term success in this country," though he no longer advocates for additional wealth taxes.

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UK may consider universal basic income as AI disrupts jobs, investment minister suggests

UK Minister Says Universal Basic Income May Be Needed for AI

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