Billionaire serial entrepreneur Richard Branson says cash handouts will eventually be required to keep people from becoming homeless in the US.
"I think with the coming on of AI and other things there is certainly a danger of income inequality," Branson tells CNN's Christine Romans in a piece published Thursday.
The inequality will be caused by "the amount of jobs [artificial intelligence] is going to take away and so on," Branson says. "There is no question" technology will eliminate jobs, he says.
Microsoft co-founder Bill Gates echoed this sentiment recently. "AI is just the latest in technologies that allow us to produce a lot more goods and services with less labor," says Gates, speaking with "Hamilton" composer Lin-Manuel Miranda and his wife, Melinda, at Hunter College in New York City earlier in February. "AI will bring us immense new productivity."