I strongly believe a basic income would greatly improve most people's lives. Here is an excellent presentation supporting such program. Poverty is an economic problem when 1% in the world has everything and 99% have almost nothing.
AI is getting a lot more powerful, starting to replace human jobs.
“Our software is going to get superpowers” thanks to AI, says Frank Chen, a partner at the venture capital firm Andreessen Horowitz. Computer programs will be able to do things that “we thought were human-only activities: recognizing what's in a picture, telling when someone's going to get mad, summarizing documents.” But more importantly, Chen says, AI capabilities are about to be everywhere. Until recently, big companies focused on adding AI capabilities to their own products — think about your smartphone transcribing your voice and Facebook identifying the faces in your photos. But now big companies are starting to open up their powerful AI capabilities to third-party developers.
At the same time, more sophisticated developers will be able to use the tools provided by Google, Amazon, Microsoft, and their competitors to push the envelope even further. Chen believes that machine learning techniques will lead to improvements in medical care — for example, helping radiologists identify cells with cancer.
Richard Branson discusses with CNN's Christine Romans the importance of Universal Basic Income and says that cities should experiment with putting it in place.