Albanese government gives firm ‘no’ to joining UK-US agreement to advance nuclear technology 
Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout 
What’s Driving Charles Schwab Toward Spot Crypto Trading? Trump’s Regulatory Shift and $100K Bitcoin Answer 
Why Bitcoin’s Rally Has Traders Eyeing $135K Amid Trump’s Crypto Policy Push and ETF Boom 
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers 
Rachel Maddow’s Shocking Pay Cut: MSNBC Staffers Reportedly ‘Panicking’ Over Network’s Future 
Nvidia's AI Production Bottlenecks Spark Debate as Demand Skyrockets Beyond Supply Limits 
New ‘best practice’ principles for superannuation products are coming. We asked a panel of experts what should be included 
The government has introduced laws for its social media ban. But key details are still missing 
AI for life: how sovereign Wiradyuri ways of knowing can transform technology for good 
Shiba Inu Scam Warning Shocks Community: Fraudsters Use Fake Tokens to Exploit Shibarium Enthusiasts 
Bitcoin Soars Past $98,000, Catapults Satoshi Nakamoto Into World's Top 20 Billionaires 
Shiba Inu Supply Shrinks as Burn Rate Hits 2225%; Meme Coin Bulls Brace for Next Rally 
Texas Considers Bitcoin Reserve Legislation Amid Push for US Crypto Mining Security 
Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism 
Google Faces DOJ Pressure to Sell Chrome, Android, and AI Stakes to Fix Search Monopoly 
At a recent podcast appearance, OpenAI's CEO Sam Altman discussed "universal basic compute," a radical idea that aims to change how we interact with AI technology.
UBI to Universal Basic Compute: Altman's New Proposal
In a recent episode of the All-In podcast, OpenAI CEO Sam Altman discussed "universal basic compute," a new and advanced concept to address financial challenges. Altman suggests a future where individuals receive access to a portion of GPT -7's compute, enabling them to utilize, sell, or donate it for various purposes, such as cancer research.
How GPT-7 Could Transform Economic Models and Job Markets
Ownership of a colossal language model unit such as GPT-7 is supposed to become more valuable than money as AI advances and gets more integrated into our daily lives. "You own like part of the productivity," he stated.
For some time now, Altman has advocated for implementing a universal basic income, which would be a fixed monthly payment to all individuals in a given population, irrespective of their financial situation or job status. Like many in the tech sector, Altman believes workers would benefit from a universal basic income since AI will eventually replace many occupations, Business Insider reports.
Evaluating the Success of Basic Income Experiments
In 2016, Altman embarked on his own UBI experiment, a precursor to his current "universal basic compute" proposal. He shared on the show that the results of this experiment would be made public soon. As per Fortune, the initiative provided more than 3,000 participants with payouts ranging from $50 to $1,000 monthly.
A type called "guaranteed basic income" has been tried in cities and states across the US. These programs give cash payments to people based on their proven need or social and societal status instead of to the whole community.
Most of these programs have been successful, but conservatives are becoming more against what they see as a form of welfare that could make people not want to work. The Texas Supreme Court recently stopped a program in the Houston area from giving $500 a month to low-income people.
Although Altman didn't explain how his "universal basic compute" would function, it's sure to cause some controversy.
Photo: TechCrunch/Flickr(CC BY 4.0)
