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