And how will humans pay for consumer goods?-PIE IN THE SKY UBI!

Universal basic income (UBI)^{[note 1]} is a social welfare proposal in which all citizens of a given population regularly receive a minimum income in the form of an unconditional transfer payment, i.e., without a means test or need to perform work.^[2][3][4] In contrast, a guaranteed minimum income is paid only to those who do not already receive an income that is enough to live on. A UBI would be received independently of any other income. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line), it is considered a full basic income; if it is less than that amount, it is called a partial basic income.^[5] As of 2025, no country has implemented a full UBI system, but two countries—Mongolia and Iran—have had a partial UBI in the past.^[6] There have been numerous pilot projects,^[7] and the idea is discussed in many countries. Some have labelled UBI as utopian due to its historical origin.

https://www.reuters.com/resizer/v2/TQHES27GB5KOROO7VLGOA245ME.jpg?auth=334f799abdc40112d6d8bbc94ebdfcecd6b310a1092c0f20a771a2d7cf905ed8&width=1080&quality=80 1080w,https://www.reuters.com/resizer/v2/TQHES27GB5KOROO7VLGOA245ME.jpg?auth=334f799abdc40112d6d8bbc94ebdfcecd6b310a1092c0f20a771a2d7cf905ed8&width=1200&quality=80 1200w" alt="Jensen Huang, CEO of Nvidia, at a tech conference on June 11, 2025" width="5655" height="3770" />

 

 

Item 1 of 2 Jensen Huang, CEO of Nvidia, gestures as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo

[1/2]Jensen Huang, CEO of Nvidia, gestures as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensing Rights, opens new tab

 

• Summary
• Companies

• Humanoid robots targeted to be deployed by Q1 of 2026, say sources
• Foxconn has been training the robots to pick and place objects, insert cables
• Foxconn to showcase its robots at November event

TAIPEI, June 20 (Reuters) - Taiwan's Foxconn  and U.S. artificial intelligence chips maker Nvidia  are in talks to deploy humanoid robots at a new Foxconn factory in Houston that will produce Nvidia AI servers, two sources familiar with the matter said.

This would be the first time that an Nvidia product will be made with the assistance of humanoid robots and would be Foxconn's first AI server factory to use them on a production line, the sources said.

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A deployment, expected to be finalised in the coming months, would mark a milestone in the adoption of the human-like robots that promises to transform manufacturing processes.

Foxconn is developing its own humanoid robots with Nvidia and has also trialed humanoids made by China's UBTech . The sources said it was not clear what type of humanoid robots are being planned for use in the Houston factory, what they will look like or how many will be deployed initially.

They said the two companies are aiming to have the humanoid robots at work by the first quarter of next year when Foxconn's new Houston factory will begin production of Nvidia's GB300 AI servers.