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Big Tech and AI firms fund $500M initiative to prevent UBI adoption

A new organization called RAISE US, co-founded by former Commerce Secretary Gina Raimondo, has launched with over $500 million in funding to counter the implementation of universal basic income (UBI) as a response to AI-driven job displacement. Major technology companies including Amazon, Anthropic, Microsoft, and the OpenAI Foundation are anchor partners, contributing significantly to the organization's goal of raising $1 billion. RAISE US aims to steer the country towards alternative solutions rather than a basic income. AI

IMPACT Major tech firms are investing heavily to shape policy responses to AI, potentially influencing the future of social safety nets and employment.

RANK_REASON Significant funding initiative by major tech companies and a former government official to influence policy regarding AI's societal impact. [lever_c_demoted from significant: ic=1 ai=0.4]

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Big Tech and AI firms fund $500M initiative to prevent UBI adoption

COVERAGE [1]

  1. r/singularity TIER_2 English(EN) · /u/Neurogence ·

    Big Tech Is Raising Billions To Stop UBI

    <!-- SC_OFF --><div class="md"><blockquote> <p>Joe Biden's <strong>Former commerce secretary Gina Raimondo has decided that UBI in response to AI is the thing to fear most. She said: &quot;I personally think it's like the end of America.&quot;</strong></p> <p>She is now heading u…