Feed: Slashdot
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Title: Robinhood CEO Vlad Tenev Says Investing For a Living Could Replace
Labor in a Post-AI World

Link: https://news.slashdot.org/story/25/09/04/1518...

AI will disrupt the labor market within five to ten years and force Americans
to rely on investment returns rather than wages for income, according to Vlad
Tenev, chief executive of stock trading firm Robinhood. Tenev told Fortune
that "if you can't rely on labor to generate money to make a living, capital
becomes more important." The brokerage chief said private companies and
government must make investing easier from an early age. He cited the
proposed Invest America Act, included in congressional reconciliation
legislation, which would provide every newborn with $1,000 in an investment
account. Tenev said the policy represents preparation for an economy where
"humans comprise less than 1% of the total intelligence" as AI systems
advance beyond current capabilities.

Read more of this story at Slashdot.

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