'Godfather of AI' agrees with Elon Musk: Mass unemployment is coming and worse
Geoffrey Hinton, the Nobel laureate known as the "Godfather of AI", says Elon Musk is right that AI will end most jobs. Speaking with Senator Bernie Sanders at Georgetown University, the AI pioneer warned of massive unemployment, arguing Big Tech's trillion-dollar data centre spending only pays off by replacing workers cheaply. Sanders estimates nearly 100 million US jobs face automation risk.
Nobel laureate Geoffrey Hinton, known as the "Godfather of AI," aligns with the views of Elon Musk, arguing that massive unemployment is likely due to artificial intelligence advancements. Hinton stated this during a discussion with Senator Bernie Sanders last year. Musk has predicted that most people won't have to work in the next two decades, while Bill Gates suggested that humans may soon be unnecessary for most tasks.
Hinton emphasized that the economy was not prepared to absorb the economic impact of AI-driven unemployment, warning that there would be no one left to buy the products these companies created. He noted that significant tech companies are betting on AI replacing human labor, with HSBC estimating OpenAI's profitability will likely not be reached until 2030, and it would require over $207 billion to continue scaling.
Hinton acknowledged that AI could bring significant benefits in healthcare and education but warned that the distribution of these technologies could lead to a significant imbalance, with a handful of individuals like Musk growing wealthier while many others lose their jobs.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
