The ChatGPT maker released industrial policy recommendations to help governments think about how to adapt to a world in which AI exceeds human intelligence and make sure people reap the benefits of the technology. (The Logic)

Talking point: OpenAI expects artificial intelligence could expand corporate profits and capital gains, and erode the tax base that funds key social programs. The company recommends governments increase taxes on top earners or find a way to levy a duty on automated labour. The company pitched the creation of a public wealth fund that lets everyone benefit directly from AI-generated growth. The fund would invest in AI companies and those that are adopting the technology, and could distribute its returns directly to citizens. The document also calls for expanded power grids, and urges governments to bolster work opportunities in the “care and connection economy,” including sectors like child care, education, health care and community services, as an alternative for people displaced by AI.