Capitalism vs AI: Battle for Dominance

In a move that has sparked both excitement and concern, top tech companies Microsoft, Amazon, and Google have ramped up their investments in artificial intelligence (AI). As reported by industry experts, the race to prepare for the AI revolution has resulted in the creation of massive data centers, with the intention of harvesting consumer data for the development of advanced AI tools.

However, this AI boom raises questions about its potential effects on the job market. According to industry insider and former CEO of OpenAI Sam Altman, AI is poised to lead to the replacement of nearly 40-80% of jobs worldwide within the next 15 years. With the world’s leading AI researchers predicting such unprecedented job losses, many are wondering what the future holds for the global workforce.

Beyond causing mass unemployment, Altman believes that the proliferation of AI could also lead to a socialist dystopia, with workers relying on meager welfare checks in the form of a universal basic income (UBI). This prediction is not unfounded, as Microsoft, a major investor in OpenAI, recently announced the hire of Altman as their new CEO. This move suggests that the tech giant is doubling down on its efforts in the AI arena.

But what does this mean for everyday individuals? Altman’s blog post, titled “Moore’s Law for Everything,” predicts that each of the 250 million adults in America could receive around $13,500 in UBI payments per year. While this may sound like a promising solution for workers facing job displacement by AI, it also raises concerns about the potential loss of personal privacy.

In a parallel development, Microsoft has recently supplied more fuel to the UBI debate with the filing of a patent for a microchip that can be placed either above or below the skin. This chip would allow individuals to earn cryptocurrency in exchange for their biometric data and perform tasks like watching ads. The patent has been met with skepticism and even dubbed “patent 666” by conspiracy theorists.

As UBI and AI continue to intersect, it is essential to consider the potential ramifications of the widespread implementation of these technologies. In addition to causing widespread job loss, the digitization of personal identities and data could lead to a de facto social credit score system, similar to the one currently used in China.

With OpenAI already funding the largest UBI study in the world, and Altman now at the forefront of Microsoft’s AI efforts, it is clear that the tech industry is pushing full steam ahead towards the AI revolution. However, as experts caution against the potential societal and economic consequences, it remains to be seen how this race towards technological advancement will ultimately impact the world.

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