content: A lot of the big money in California, particularly in Silicon Valley, is looking at the longview of society. Automation in general is going to destroy the system of labor based market and society we've had more or less since the beginning of modern civilization. So whatever his motivation may be, I really doubt it's some longterm view of flooding the market to drive labor prices lower. For instance the most influential push for basic income is coming from this same demographic of billionaire tech guys - and they're some of the few people who would pay disproportionately more to sustain such a system. Or for instance Elon Musk, along with numerous other big names, invested more than $1 billion into OpenAI - a completely not for profit AI research institution created exclusively and explicitly to ensure that AI doesn't become the domain of the wealthy, corporations, and governments but instead is used to empower all of society.