Jeffrey Hinton says AI will cause massive unemployment and send high profits

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Pioneering computer scientist Jeffrey Hinton said his work won him a Nobel Prize and “AI Godfather.” He said artificial intelligence will cause unemployment and a surge in profits.

In a wide range of interviews with Financial Timesa former Google scientist has cleared the air about why he left the tech giant, and raised alarms about potential threats from AI, revealing how he is using technology. But he also predicted who the winner and the loser would be.

“What really happens is that the rich use AI to replace workers,” Hinton said. “It will generate massive unemployment and a significant rise in profits. It will enrich the few people much and make most people poorer. It's not the AI's fault, it's the capitalist system.”

That's the comment he gave luck Last month, when AI companies said they were more interested in short-term profits than in the long-term outcomes of technology.

For now, layoffs have not skyrocketed, but there is growing evidence that AI is reducing opportunities, especially at the entry level where recent college graduates begin their careers.

A survey from the New York Fed found that companies using AI are far more likely to retrain employees than lay off employees, but layoffs are expected to rise in the coming months.

Hinton previously said healthcare is a safe industry from Armageddon of potential jobs.

“If we can make our doctors five times more efficient, we can all do five times more health care for the same price,” he explained. CEO's Diary The June YouTube series. “There are very few restrictions on how much healthcare people can absorb.[patients] If it's not costing you, you always need more health care. ”

Still, Hinton believes that the task of performing ordinary tasks will be carried over by AI, but he is holding back some jobs that require high levels of skill.

In an interview with him fthe also dismissed Openai CEO Sam Altman's idea of ​​paying universal basic income as AI disrupts the economy, reduces workers' demand and reduces the value that people get from doing their jobs “not dealing with human dignity.”

Hinton has long warned of the dangers of AI without guardrails, estimating a 10% to 20% chance that technology will wipe out humans after the development of super intelligence.

In his view, AI risk falls into two categories. Technology itself is the result of the risks pose to humanity's future and the fact that AI is manipulated by people with bad intentions.

In him ft In the interview, he warned that AI could help someone build a biological age, lamenting that the Trump administration is trying to regulate AI more closely while China is threatening more seriously. However, he also acknowledged the potential benefits from AI amidst its immeasurable possibilities and uncertainties.

“We don't know what will happen, we don't know, and people who tell you what will happen are just stupid,” Hinton said. “We may be incredibly good or surprisingly bad in history where amazing things are going on. We can make guesses, but things are not going to stay like they are.”

Meanwhile, he said ft How will he use AI in his life, saying Openai's ChatGpt is the product of his choice? He mainly uses chatbots for research, but Hinton revealed that his ex-girlfriend used chat Gpt to “tell me what kind of rat I was.”

“She got a chatbot to explain how bad my behavior was and gave it to me. I didn't think I was a rat, so it didn't make me feel too bad.

Hinton also explained why he left Google in 2023. Media reports said he left to allow him to speak more freely about the dangers of AI, but the 77-year-old Nobel Prize winner denied that this was the reason.

“I left because I was 75. I can't program as much as I used to. Netflix didn't have much opportunity to watch,” he said. “I worked hard for 55 years and it felt like it was time to retire, and I was leaving anyway, so I thought I could talk about the risks.”

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