Sam Altman Stands Vindicated? OpenAI-Sponsored 'No-Strings Payment' Study Quells Fears About Misuse Of Money, Making Strong Case For Universal Basic Income When AI Makes Jobs Obsolete

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The study found that the transfer led to the largest increase in time spent on leisure but smaller increases in time spent on other activities such as transportation and finances.“Overall, our results suggest a moderate labor supply effect that does not appear offset by other productive activities,” study authors, who include OpenResearch personnel, and academicians, said.“Cash ...

An unconditional monthly $1,000 cash payment to low-income groups increased their ability to meet basic needs and support others, according to the final results from the Universal Basic Income study sponsored by the Sam Altman-led OpenAI project, OpenResearch, published on Sunday.

The three-year study delved into the impact on a series of employment outcomes in a group of 1,000 low-income individuals, who were paid $1,000 per month unconditionally.

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United StatesCuba

Topics: Top Stories Stories That Matter Sam Altman News Government Education Tech OpenAi Health Care Benzinga

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-07-23 @ 08:52:29 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21748028

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