OpenAI Wants a Public Wealth Fund. Fine. But Who Gets to Price the Wealth?

Did you see the Open AI paper: Industrial Policy for the Intelligence Age. It calls for the “Public Wealth Fund” which is a Universal Basic Income structure.

I have published two working papers on the question too many people in the AI economy still want to walk around: how do we calculate the value of human input before the winners of this new age decide what the public is “owed”?

The first paper, The Informational Factor of Production and the Systematic Mispricing of Personal Data Inputs , makes the basic case that personal data is not some ghost floating above the economy. It is an input. It belongs in the production function. The second, Beyond Informational Stock: Collective Readiness, Founder Residuals, and the Misallocation of Value in AI-Era Production , pushes further and argues that even where informational value is acknowledged, too much of the reward is still assigned to founders, firms, and legal shells, while the broader public conditions that made that value possible remain undercounted or ignored.

Paper 1

[PAPER 1: The Informational Factor of Production and the Systematic Mispricing of Personal Data Inputs ]

Paper 2

[PAPER 2: Beyond Informational Stock: Collective Readiness, Founder Residuals, and the Misallocation of Value in AI-Era Production ]

These papers come ahead of my forthcoming book, Your Data Their Wealth: The Price of Human Input to the AI Economy , to be published June 19, because the old lie is wearing thin.

The old lie says wealth in the AI era comes from code, capital, and genius.