Elon Musk says AI will create a ‘common excessive revenue’ and eradicate the necessity for jobs

AI might make us all wealthy, or not less than that appears to be what Elon Musk is suggesting. Whereas talking on the U.Ok.’s AI Security Summit final week, Elon Musk advised U.Ok. Prime Minister that he believes AI will change the necessity for all jobs. Whereas some have latched on to this concept from a doomer perspective, Musk says it would introduce a “common excessive revenue” (by way of Fortune).

However what does that imply? Properly, likelihood is you’ve heard of common primary revenue or UBI. This basically signifies that everybody will get a normal cost as a resident of the federal government, no matter their employment. It’s an concept that has been touted a number of instances over time and has even gained some traction in a number of locations.

However what Musk proposes right here is that AI gained’t steal our jobs and make us all actually poor. As a substitute, it’ll take our jobs and make us all higher off with an AI-driven common excessive revenue. As a substitute of merely redistributing some wealth by primary revenue for everybody, Musk’s concept appears like it will see us all residing in an “age of abundance.”

However how does that work? Properly, that’s unclear. Precisely what Musk means by common excessive revenue is inconceivable to know except he clarifies the thought. We all know that it gained’t be the identical as common primary revenue, but when Musk’s concept offers folks more cash, then it would meet extra resistance than UBI presently does – which sees lots of arguments in opposition to it as a result of it will make folks lazy as a result of they wouldn’t need to work.

There are, in fact, lots of people who see the professionals and cons of common revenue all around the world, and whereas extra persons are warming as much as it, the concept we’ll leap to a common excessive revenue due to AI is sort of unusual to listen to from Musk, particularly after he joined others in signing a letter to pause development of powerful AI.

If we’re certainly going to achieve some extent the place common revenue is enacted, and AI has taken all our jobs, which means we’ll want AI extra highly effective than ChatGPT to do it. How precisely this new stance strains up with Musk’s earlier stance is unclear. Possibly he’s modified his thoughts.