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Geoffrey Hinton: 'AI Will Make a Few People Much Richer and Most People Poorer'
Nobel laureate Geoffrey Hinton has warned that AI will concentrate wealth among a small elite while impoverishing most workers. The computer scientist, who pioneered neural network research in the 1980s, told Financial Times that rich people will use AI to replace workers, creating massive unemploym...
Nobel laureate Geoffrey Hinton has warned that AI will concentrate wealth among a small elite while impoverishing most workers. The computer scientist, who pioneered neural network research in the 1980s, told Financial Times that rich people will use AI to replace workers, creating massive unemployment and profit increases.Hinton, who left Google in 2023 after selling his AI startup for $44 million a decade earlier, dismissed universal basic income as insufficient to address human dignity concerns from job losses. He blamed capitalism rather than AI technology itself for the coming economic disruption, stating the system ensures AI will primarily benefit the wealthy rather than solve grand problems like hunger or poverty.
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