Latest / Elon Musk Podcast / Sam Altman Is All-In on UBI - But with AI generated money?

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Sam Altman Is All-In on UBI - But with AI generated money? · Elon Musk Podcast

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  Welcome back to the Elon Musk Podcast.
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  This is a show where we discuss the critical crossroads that
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  shape SpaceX, Tesla X, The Boring Company, and Neuralink.
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  And I'm your host Will Walden. Open AICEO Sam Altman is
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  exploring an innovative concept to support those in financial
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  need through what he terms as universal basic compute.
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  This idea extends the principle of universal basic income by
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  providing a share of computational resources from AI
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  systems like GT7 to individuals. Altman suggests the resources
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  could be used directly, sold, or donated to causes such as Cancer
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  Research, essentially redefining socioeconomic structures by
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  making compute power a valuable asset.
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  Now the initiative stems from the broader realization of AI's
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  increasing integration into daily life as potential to
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  transform traditional economic models.
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  And by owning a portion of a IS computational power, individuals
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  would essentially hold a stake in the A IS productivity.
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  This shift could offer a new form of economic empowerment as
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  AI technologies continue to advance.
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  The Almet's commitment to exploring universal basic income
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  solutions is long standing. He initiated a Ubi experiment,
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  2016, that distributed monthly payments between 50 to $1000 to
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  over 3000 participants. The outcomes of this project are
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  expected to be published soon, providing insights into the
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  practical effects of direct financial assistance without
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  prerequisites. A concept of universal basic
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  income has been tried in various forms across different U.S.
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  cities and states, often referred to as generated
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  guaranteed basic income, and these initiatives typically
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  target individuals based on specific needs or social
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  criteria rather than the general public.
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  Now, while many of these programs have reported
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  beneficial outcomes, they have also sparked debate,
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  particularly among conservative groups who argue that they might
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  deter workforce participation. Recently, a controversy emerged
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  in Texas, where the state Supreme Court halted a program
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  aimed at providing $500 monthly to low income residents.
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  In this decision shows that the contentious nature of
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  unconditional transfer of cash programs and their perceived
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  impact on traditional work ethics.
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  Altman has not detailed the operational specifics of his
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  proposed universal basic compute concept.
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  Nonetheless, the proposal is likely to attract attention and
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  discussion among both supporters and critics of Ubi, given his
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  novel approach of leveraging a is economic potential.
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  And beyond financial experiments, Altman's broader
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  concerns with AI include the potential risks it poses, such
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  as job displacement and even existential threats.
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  He advocates for international regulatory oversight to manage
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  the risks associated with advanced AI systems, ensuring
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  they're developed and deployed safely.
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  GBT 4, the latest iteration of open AIS models, has been
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  described by Altman as posing no substantial danger.
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  Currently, his focus remains on harnessing AIS capabilities
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  responsibly while addressing societal concerns related to
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  privacy bias and governance. And Altman also heads Tools for
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  Humanity, which offers the world Coin cryptocurrency in exchange
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  for identity verification. This project is ongoing, and its
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  interest is rethinking traditional economic
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  interactions and providing new means of access to financial
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  resources. Now, throughout his initiatives,
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  Altman emphasizes the necessity of simple, respectful approaches
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  to addressing poverty, critiquing existing government
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  programs as largely ineffective. And he champions the idea that
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  direct financial assistance allows individuals to make
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  better personal decisions and engage more freely with the
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  market. Now, despite the potential
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  benefits of Ubi, Altman acknowledges that simply
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  providing money is not a Pansea for all societal issues, but
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  insists it could alleviate some challenges and improve
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  individuals prospects for self advancement.
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  The concept of universal basic compute suggests a future where
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  traditional monetary income could be supplemented or
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  replaced by access to computational resources.
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  Now I have a question here. If you don't have enough money
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  to get by how would you have enough money to make compute in
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  some way? I'm that's a question that I'm
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  posing and how they would get this compute power to other
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  people. I'm not sure if Sam Altman and
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  the rest of his of his crew at Open AI would provide the money
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  or if the compute would be provided by the individual.
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  It's up in the air right now. This model could provide a novel
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  means for individuals to engage with and benefit from the
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  digital economy, particularly as a is role in society expands.
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  Allman's ideas were shared during a recent interview on the
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  All In podcast, where he also discussed the broader
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  implications of AI on society, including concerns about his
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  impact on employment and the ethical challenges it presents.
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  His advocacy for Ubi is driven by a recognition of AI's
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  transformative potential and the need to mitigate its disruptive
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  effects on the labor market. Studies initiated by Allman and
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  his team since 2016 have explored these dynamics,
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  affirming his belief in UBIS viability and the dialogue
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  between Altman and MIT President Sally Kornbluth at MIT
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  highlighted the excitement and challenges surrounding AI.
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  The conversation covered the ethical, privacy, and
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  operational issues posed by AI. Sam is doing a basically a a
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  media tour right now, and he's reflecting both the enthusiasm
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  for and complexities of AI and the evolving technology.
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  Kornbluth expressed concerns about bias and privacy in AI
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  systems, which Altman's response showed that there's efforts
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  going on right now to align AI systems with human values,
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  making it more lifelike. Acknowledging that this will be
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  a very difficult task now, looking forward, Altman is
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  optimistic about AI's potential to contribute to society and
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  scientific discovery and access global challenges such as energy
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  sustainability and also climate change.
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  He believes that the most significant alications of AI lie
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  in this ability to enhance human knowledge and caabilities.
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