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In the Loop

TIME Magazine

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September 29, 2025

AT A LAKEFRONT VENUE IN SWEDEN in August, 18 individuals from OpenAI, Google DeepMind, the U.K. AI Security Institute, the OECD, and other groups gathered for an invite-only summit. On the agenda: arriving at an understanding of the likely ways advanced AI will impact the “social contract” between working people, governments, and corporations.

- Billy Perrigo

One outcome of the so-called “artificial general intelligence social contract summit” was a list of four draft statements. They paint a grim picture of where the world could be headed, absent significant interventions by governments and societies.

“AI is likely to exacerbate increasing wealth and income inequality within countries, worsening economic conditions for many working and middle-class people and families,” the first reads.

“AI will increase inequality between countries that have access to AI infrastructure and those that don’t—both in terms of access to benefits as well as ability to respond to shocks,” says the second.

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