Sam Altman falls out of love with universal basic income
OpenAI CEO Sam Altman once spent millions to fund a massive study of UBI. In the age of AI, cash payments aren't the best answer.
TL;DR
- Sam Altman, CEO of OpenAI, is no longer as convinced about universal basic income (UBI).
- He believes fixed cash payments are insufficient for the coming AI age and prefers collective ownership models.
- Altman is interested in collective ownership of compute, equities, or similar assets related to AI.
- OpenAI has proposed a Public Wealth Fund to share AI economic growth among all citizens.
- The goal is to ensure broad prosperity and agency, preventing AI from solely benefiting the wealthy.