The 'Godfather of AI' says it will create 'massive' unemployment, make the rich richer, and rob people of their dignity

""What's actually going to happen is rich people are going to use AI to replace workers,""

""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.""

""Universal basic income 'won't deal with human dignity,' he said, adding that people get their worth from their jobs."}],"

AI-driven automation will enable wealthy owners and firms to replace large numbers of workers, generating widespread job losses and concentrating profits among a small elite. The disruptive impact arises primarily from the existing economic system rather than the technology itself. Cash transfers such as universal basic income can mitigate financial hardship but cannot restore the dignity, purpose, and social status people derive from work. Some technology leaders advocate universal basic income as a cushion, while others predict AI will perform a vast share of tasks across many jobs, raising risks of deepening inequality and social strain.

Read at Business Insider