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

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.