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'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'
"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."
Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI, and revealed how he uses the technology. In his interview with the FT, he also dismissed OpenAI CEO Sam Altman’s idea to pay a universal basic income as AI disrupts the economy and reduce demand for workers, saying it “won’t deal with human dignity” and the value people derive from having jobs.
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