OpenAI CEO Sam Altman conducted a basic income study that gave low-income residents US$1,000 each month for three years. The results are now in and reveal that most of the money was spent on basic needs and reduced financial stress, but did not lead to significant improvements in long-term health.
How did it work: The study , funded with US$60 million, including US$14 million from Altman himself, was conducted by OpenResearch under the direction of researcher Elizabeth Rhodes. Launched in 2019, the study involved 3,000 residents of Texas and Illinois with annual incomes of less than US$28,000. One-third of […]
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