Big Tech Is Raising Billions To Stop UBI

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big-tech universal-basic-income ai-policy funding organization-launch

Summary

A new organization called RAISE US, backed by major tech companies including Amazon, Microsoft, and OpenAI Foundation, has launched with over $500 million in funding to advocate against universal basic income in response to AI disruptions.

Joe Biden's Former commerce secretary Gina Raimondo has decided that UBI in response to AI is the thing to fear most. She said: "I personally think it's like the end of America." She is now heading up a newly-launched extremely well-funded organization to make sure the country reaches for anything but a basic income in response to AI. It's called RAISE US, and the money behind it comes largely from the companies building the disruption it exists to manage. RAISE US launched June 25, with Raimondo as CEO and former Indiana governor Eric Holcomb as co-chair. It has already secured more than $500 million toward a $1 billion target. Amazon, Anthropic, Microsoft, and the OpenAI Foundation are anchor partners. Behind them sits a wall of corporate and philanthropic money: Blackstone, General Motors, IBM, Eli Lilly, Mastercard, Deloitte, UPS, Cisco, Workday, Arnold Ventures, and a dozen more.
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