Sam Altman making progress towards universal basic income with OpenAI technology

From Benzinga: 2024-07-27 10:00:11

OpenAI CEO Sam Altman is progressing towards a world with universal basic income, aided by AI technology. OpenResearch conducted the largest pilot study distributing $1,000 monthly to residents in Illinois and Texas over three years. Results show positive impacts, like addressing recipients’ needs and increased agency possibilities.

As housing costs rise, Altman’s universal income theory, supported by AI, offers hope for struggling Americans. A recent Harvard study revealed nearly half of American renters struggle to pay rent, especially middle-income households. With financial shocks leading to potential evictions, the study explores how unconditional cash can help with housing expenses.

A three-year study with 3,000 participants in Texas and Illinois found that recipients used the $1,000 monthly cash for essentials like rent and food, not vices. Participants made more flexible employment decisions, aligning with their goals, values, and leading to more leisure time. While the impact on physical or mental health remains minimal, the study shows promise for lower-income families.

Results indicate that a basic universal income can alleviate financial burdens for lower-income families. With OpenAI continuing to evolve and learn, Altman’s vision of providing universal basic income to all moves closer to reality.



Read more at Benzinga: Sam Altman’s Dream Of A Universal Basic Income Is One Step Closer With The Help Of Open AI