The Harsh Truth Of Universal Basic Income

The discussion on Universal Basic Income (UBI) has evolved towards the idea of Universal Basic Compute replacing traditional currency in a post-AGI world, where owning a share of highly intelligent AI systems becomes a form of wealth. This shift reflects a future where work may no longer be necessary for survival, raising questions about the value of money and the potential for AI to revolutionize societal structures and economic exchanges.

The discussion around Universal Basic Income (UBI) has shifted towards a concept introduced by Sam Altman, suggesting a potential future where Universal Basic Compute replaces traditional currency. In a post-AGI (Artificial General Intelligence) world, money may lose its significance, leading to a focus on owning a share of highly intelligent AI systems for productivity. This shift is based on the belief that compute power could become the most valuable resource in society, surpassing the importance of money due to the automation of labor and abundance of other resources. The transition to a society where work is no longer necessary for survival raises questions about what will hold value and be exchanged for goods and services, possibly pointing towards a system where access to advanced AI systems becomes a key form of wealth.

In a world where scarcity is significantly reduced or eliminated by advanced technologies, the need for money as a medium of exchange for labor and services diminishes. The potential impact of AI on various sectors, such as healthcare, could drastically reduce costs and improve accessibility to services through predictive AI models and efficient resource management. This could lead to a society where basic needs and luxuries are easily accessible, challenging traditional concepts of work and compensation and potentially leading to a reconfiguration of the social contract. The role of large language model companies in shaping the economy and societal structures could become more pronounced as technology advances.

However, the concentration of compute power in the hands of a few companies raises concerns about power dynamics and equitable access. Preventing monopolization and ensuring fair access to advanced AI systems will be crucial for a balanced future. Universal Basic Compute could democratize AI access, allowing individuals and small businesses to leverage powerful systems that were previously out of reach. The concept of selling compute power for value introduces new possibilities for economic exchange in a society where traditional currency may lose its significance. The need for strategic planning and adaptability in the face of technological advancements is emphasized to navigate the changing landscape of a post-AGI world.