09/05/2025

The Coming AI Inequality Crisis

At a recent AI summit, everyone agreed on the looming bad news

What to Know: The AI social contract

At a lakefront venue in Sweden in August, 18 individuals from OpenAI, Google DeepMind, the U.K. AI Security Institute, the OECD and other groups gathered for an invite-only summit. On the agenda: arriving at an understanding of the likely ways that advanced AI will impact the "social contract" between working people, governments and corporations.

Top AI CEOs like DeepMind's Demis Hassabis and OpenAI's Sam Altman have recently been urging academics and governments to grapple with this issue more deeply, to better prepare the world for what they expect will be a highly disruptive economic shock. So, every day for a week—in breakout rooms and in a nightly communal sauna—these 18 experts hashed out a picture of what economic shocks might be coming down the track and what to do about them.

Bad news — One outcome of the so-called "AGI social contract summit" was a list of four draft statements, according to the summit’s organizers. These statements have not previously been reported. They paint a grim picture of where the world could be headed, absent significant interventions by governments and societies.

Please select this link to read the complete article from TIME.