TECHNOLOGY

OpenAI's Sam Altman has a new idea for a universal basic income

May 10th, 2024

OpenAI CEO Sam Altman has an interesting new idea to help those struggling financially.

He calls it "universal basic compute."

"Everybody gets like a slice of GPT-7's compute," he said on the "All-In" podcast. "They can use it, they can resell it, they can donate it to somebody to use for cancer research."

The idea is that as AI becomes more advanced and embedded into more facets of our lives, owning a unit of a large language model like GPT-7 could be more valuable than money. "You own, like, part of the productivity," he said.

Altman has long supported a universal basic income — a recurring cash payment, no strings attached, made to all adults in a given population regardless of their wealth and employment status. Altman, like many others in the tech industry, sees universal basic income as a safety net for people as AI threatens their jobs.

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Altman started his own basic-income experiment in 2016 and said on "All-In" that its results would be released soon. Fortune reported that the program provided cash payments of $50 to $1,000 a month to more than 3,000 enrollees over a three-year period.

Cities and states across the United States have experimented with a version of this called guaranteed basic income. These programs have given no-strings-attached cash payments to people based on demonstrated need or social status instead of to a population as a whole.

Many of these programs have shown positive results, though some conservatives have pushed back on what they see as a form of welfare that could discourage people from working. The Supreme Court of Texas recently blocked a Houston-area program from giving low-income people $500 a month.

Altman didn't elaborate on how his so-called "universal basic compute" would work, but it's certain to raise some eyebrows from conservatives and liberals alike.

Curated By

Kaito Tanaka
Strategic Innovation Consultant | Technology Investment Analyst | Operations Research Director
Kaito Tanaka is a futurist journalist who approaches news through the lens of optimization and efficiency. Specializing in cutting-edge technologies like CRISPR, robotics, and supply chain innovations, he distills complex developments into their most actionable insights. Known for his clinical analysis style, Kaito cuts through traditional narratives to identify systemic inefficiencies and opportunities for progress. His commentary reflects a pragmatic worldview where sentiment yields to solutions, and every story is evaluated based on its potential to advance human capability. When he's not tracking breakthrough research, you'll find him optimizing his own workflow or planning his next travel adventure with mathematical precision.

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