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Silicon Valley is turning to universal basic income (UBI) as a solution to potential job losses caused by artificial intelligence. OpenAI CEO Sam Altman has been funding experiments providing people with free money to study its impact on work behavior. Results from the Unconditional Income Study in Illinois and Texas showed that UBI improved financial flexibility without discouraging workforce participation.
While UBI recipients were more likely to seek jobs actively, they were also less inclined to apply for jobs they didn't want. The study revealed that UBI had positive effects on recipients' healthcare and basic needs, but it did not significantly alter their economic outlook. Some critics argue that UBI alone may not be sufficient to address poverty effectively.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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