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AI will bring in universal income and everyone will get wealthier, Oracle's Larry Ellison says

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The National
“AI will bring in universal income and everyone will get wealthier, Oracle's Larry Ellison says”

The widespread roll-out of artificial intelligence will eventually lead to universal income and will make "everyone wealthier", the executive chairman and chief technology officer of Oracle said on Tuesday. The ubiquitous use of robots across different industries and sectors will enable people to be more productive, Larry Ellison said in a wide-ranging discussion at the Oracle AI World event in Las Vegas. "We decided to get better tools, and we're going to build better systems ... The tools…

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