""What's actually going to happen is rich people are going to use AI to replace workers," Hinton told the FT. "It's going to create massive unemployment and a huge rise in profits. It will make a few people much richer and most people poorer." The former Google Brain team leader - who left the company in 2023 and began making chilling premonitions about the future of AI - didn't provide any estimates about when this shift might happen."
"Hinton claimed that such a stopgap "won't deal with human dignity" and the loss of purpose people may experience without work. Though timelines for this jobs armageddon weren't provided, Hinton did put dates to another forthcoming AI revolution: when the technology could become superintelligent, able to out-think even the cleverest humans. "A lot of scientists agree between five and 20 years," he said. "That's the best bet.""
Wealthy actors will use AI to replace workers, producing massive unemployment, soaring profits for corporations, and greater concentration of wealth that leaves most people poorer. The economic impacts will reflect existing capitalist incentives rather than flaws in AI itself. Universal basic income proposals may offset income loss but will not restore work-related purpose or dignity for many individuals. Timelines for widespread job displacement remain unspecified, but estimates for AI reaching superintelligence commonly range from five to twenty years. Superintelligence is considered by many experts to be likely, raising questions about social, economic, and ethical consequences.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]