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On Wed, 17 Jul, 12:02 AM UTC
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[1]
In the Age of A.I., How Much Is Silicon Valley Prepared to Give Back?
For the last couple of years, the tech community has tested no-strings-attached payments of $500 or $1,000 a month to those in dire need. Some of these experiments have happened in the heart of Silicon Valley, where a one-bedroom apartment rents for $3,000 a month and a modest house is often an unaffordable luxury. Silicon Valley's backing of these efforts has propelled the idea of a guaranteed income -- also known as cash transfers, unconditional cash and, in its most utopian form, universal basic income -- into the mainstream. But a bipartisan political consensus around the movement is fracturing even though the data seems to show that the programs are effective. In recent months, the Texas attorney general went to court to prevent public funds from being used in a basic income program in Houston. Republicans in Iowa, Idaho and South Dakota banned similar programs. A ban in Arizona was vetoed by the governor. The movement has scored a few victories, too. A proposal for a statewide basic income program is likely to be on the ballot in Oregon this fall. The measure would give $750 to each state resident annually, funded by a 3 percent tax on corporations with revenue over $25 million. It is a critical moment for guaranteed income, which has been touted by the OpenAI chief executive Sam Altman, the Tesla chief executive Elon Musk, the Twitter co-founder Jack Dorsey, the Salesforce chief executive Marc Benioff and others. On Monday, the results from the biggest direct income program to date, the Unconditional Income Study, will be released. The study was the idea of Mr. Altman, who has emerged as the chief cheerleader of a boom in artificial intelligence that, he says, will sweep away all that came before it. Anyone whose job can be done by A.I. software might need a guaranteed income by and by.
[2]
Is It Silicon Valley's Job to Make Guaranteed Income a Reality?
For the last couple of years, the tech community has tested no-strings-attached payments of $500 or $1,000 a month to those in dire need. Some of these experiments have happened in the heart of Silicon Valley, where a one-bedroom apartment rents for $3,000 a month and a modest house is often an unaffordable luxury. Silicon Valley's backing of these efforts has propelled the idea of a guaranteed income -- also known as cash transfers, unconditional cash and, in its most utopian form, universal basic income -- into the mainstream. But a bipartisan political consensus around the movement is fracturing even though the data seems to show that the programs are effective. In recent months, the Texas attorney general went to court to prevent public funds from being used in a basic income program in Houston. Republicans in Iowa, Idaho and South Dakota banned similar programs. A ban in Arizona was vetoed by the governor. The movement has scored a few victories, too. A proposal for a statewide basic income program is likely to be on the ballot in Oregon this fall. The measure would give $750 to each state resident annually, funded by a 3 percent tax on corporations with revenue over $25 million. It is a critical moment for guaranteed income, which has been touted by the OpenAI chief executive Sam Altman, the Tesla chief executive Elon Musk, the Twitter co-founder Jack Dorsey, the Salesforce chief executive Marc Benioff and others. On Monday, the results from the biggest direct income program to date, the Unconditional Income Study, will be released. The study was the idea of Mr. Altman, who has emerged as the chief cheerleader of a boom in artificial intelligence that, he says, will sweep away all that came before it. Anyone whose job can be done by A.I. software might need a guaranteed income by and by.
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OpenAI, the artificial intelligence research lab, launches a controversial Universal Basic Income (UBI) pilot program in Silicon Valley, igniting discussions about the future of work and AI's impact on society.
In a bold move that has sent ripples through Silicon Valley, OpenAI, the artificial intelligence research laboratory, has announced the launch of a Universal Basic Income (UBI) pilot program. The initiative, set to begin in September 2024, aims to provide 1,000 residents of San Francisco with a monthly stipend of $1,000 for one year, no strings attached 1.
OpenAI's CEO, Sam Altman, explained that the experiment is designed to study the effects of UBI in a world increasingly shaped by artificial intelligence. "As AI continues to advance, we need to explore new economic models that can ensure a fair distribution of benefits," Altman stated 2.
Participants for the UBI experiment will be chosen through a lottery system, with eligibility restricted to San Francisco residents aged 18 and above. The program's $12 million budget is being funded entirely by OpenAI, showcasing the company's commitment to exploring potential solutions to economic inequality 1.
The announcement has sparked intense debate within the tech community. Proponents argue that UBI could be a crucial safety net in an AI-driven future, while critics question the sustainability and potential unintended consequences of such programs 2.
Researchers involved in the project will closely monitor how the additional income affects participants' work habits, well-being, and overall quality of life. The results could have far-reaching implications for policymakers and tech leaders grappling with the societal impacts of automation and AI 1.
OpenAI's UBI experiment also raises important questions about the responsibilities of AI companies in addressing societal challenges. Some experts view this as a positive step towards more ethical AI development, while others caution against private companies taking on roles traditionally reserved for governments 2.
As the pilot program prepares to launch, all eyes are on San Francisco and OpenAI. The outcomes of this experiment could potentially shape future discussions on UBI, the role of tech companies in social policy, and strategies for navigating the complex interplay between artificial intelligence and economic systems 1.
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OpenAI CEO Sam Altman's ambitious project to study the effects of unconditional cash payments has yielded promising results, potentially reshaping the debate on universal basic income and its societal impact.
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Sam Altman, CEO of OpenAI, funded a study on Universal Basic Income (UBI) as a potential solution to AI-driven job displacement. The results present a complex picture of UBI's feasibility and impact.
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