OpenAI's Sam Altman Conducts Largest UBI Study, Distributes $45 Million in Texas and Illinois

Jul 22, 2024, 11:31 AM

OpenAI founder Sam Altman has conducted a large-scale experiment on universal basic income (UBI), distributing $45 million to thousands of low-income individuals. The study, supported by OpenResearch and NBER, provided 1,000 participants in Texas and Illinois with $1,000 per month for three years. The results indicate that the cash payments improved the lives of recipients, although the study's findings are expected to fuel ongoing debates about welfare and employment effects.