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Billionaire serial entrepreneur Richard Branson says cash handouts will eventually be required to keep people from becoming homeless in the US. "I think with the coming on of AI and other things there is certainly a danger of income inequality," Branson tells CNN's Christine Romans in a piece published Thursday. The inequality will be caused by "the amount of jobs [artificial intelligence] is going to take away and so on," Branson says. "There is no question" technology will eliminate jobs, he says. Microsoft co-founder Bill Gates echoed this sentiment recently. "AI is just the latest in technologies that allow us to produce a lot more goods and services with less labor," says Gates, speaking with "Hamilton" composer Lin-Manuel Miranda and his wife, Melinda, at Hunter College in New York City earlier in February. "AI will bring us immense new productivity."

So new jobs will have to be created, says Branson. But also, a "basic minimum earnings," or a universal basic income, should be instituted "so that there is nobody that is having to sleep on the street," Branson tells CNN. "One hundred percent, I think that is really important." Universal basic income is a cash handout, distributed irrespective of employment status.

Billionaire SpaceX and Tesla chief Elon Musk told CNBC in 2016 that he expects cash handouts will be necessary too. "There is a pretty good chance we end up with a universal basic income, or something like that, due to automation," says Musk to CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen." Additionally, Facebook founder and CEO Mark Zuckerberg promoted the idea of universal basic income during his commencement speech to Harvard in May. "Now it's our time to define a new social contract for our generation. We should explore ideas like universal basic income to give everyone a cushion to try new things," says Zuckerberg.

Microsoft is attempting to fend off a search warrant served by federal prosecutors in the United States because the tech giant says the government lacks the authority to compel the company for customer data that’s stored overseas. Experts are already saying that Microsoft’s attempt to squash a search warrant served last December marks the first time that a major company has fought requests from the Justice Department for digital information held on overseas servers. If the Silicon Valley corporation fails to win, however, then a precedent could be established to ensure prosecutors in the US will in the future have little problem asking for digital files even if that data lacks all other ties to America. Much of the case in question remains under seal, including the identity and nationality of the Microsoft customer whose data is sought by US investigators. What’s certain, though, is that a federal magistrate judge in New York granted a search warrant as part of a criminal inquiry last December that asked Microsoft of Washington state for emails pertaining to a customer who claimed to reside outside of the US.

US Magistrate Judge James C. Francis IV of the New York court refused in April an initial attempt from Microsoft to quash the warrant, prompting Microsoft to challenge the government’s request in a filing made public just this week. Attorneys for Verizon, a telecommunications provider, have since filed a friend-of-the-court brief, and the Electronic Freedom Foundation, a privacy group, plans to soon do the same.