The Alaska Permanent Fund as Loose Precedent for AI Data Center 'UBI' Payments
4 hours ago
- #Alaska Permanent Fund
- #Basic Income
- #Sovereign Wealth Fund
- The Alaska Permanent Fund (APF) is a constitutionally established sovereign wealth fund in Alaska, managed by the Alaska Permanent Fund Corporation (APFC).
- Established in 1976 under Governor Jay Hammond, it is funded by oil and mining revenues and was worth about $64 billion as of 2019.
- The fund's main use is to pay the Permanent Fund Dividend (PFD), an annual payout averaging around $1,600 per resident, seen as a basic income or resource dividend.
- The PFD has helped Alaska achieve high economic equality and provides unconditional cash assistance, even in a state not known for left-wing politics.
- OpenAI, Anthropic, Cursor, and Perplexity have chosen WorkOS over building their own solutions, highlighting the appeal of third-party services.