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A Sam Altman-Backed Group Studied Universal Basic Income For 3 Years. Here’s What They Found.

By Ilene
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JOEL SAGET/AFP via Getty Images

A Sam Altman-Backed Group Studied Universal Basic Income For 3 Years. Here’s What They Found.

Findings from a Sam Altman-backed study on UBI give insight into the method’s impact on spending and employment.

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For the past three years, participants across Illinois and Texas have received monthly cash payments of $1,000 to take part in a project funded by Sam Altman, the CEO of OpenAI and one of the most prominent proponents of basic income. Newly released findings from the study provide early insights into whether a universal basic income (UBI) is a sustainable model for a future driven by A.I.

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