Godfather Of AI Says Millions Will Lose Their Job Due To AI And Only Elon Musk Will Get Richer, Here Is Why
By Nishit Singh Raghuwanshi
AI is already taking a lot of jobs, and the impact of the same is pretty visible all over the globe. Now, Noble Laureate Geoffrey Hinton, also known as the Godfather of AI, has suggested that the development in AI will leave millions of people jobless in the future and only Elon Musk will get richer in the meantime. The 360 degree transformation of the industry is not something new, as we have seen a lot of companies adopting AI and laying off a plethora of people, including IBM, TCS, Google, and Amazon.
According to Geoffrey Hinton, the trend is not going to stop anytime soon. In his statement to Bloomberg, Hinton said, 'I think the big companies are betting on it causing massive job replacement by AI, because that's where the big money is going to be.'
He was further asked if there is a way forward with AI without the loss of jobs. Hinton responded by saying, 'I believe that it can’t. I believe that to make money, you’re going to have to replace human labour.'
Geoffrey Hinton On Elon Musk And AI Boom
Geoffrey Hinton said, 'People like Musk will get richer, while many others lose their jobs — and he won’t care. This isn’t an AI problem; it’s a societal problem.' He also suggested that tech billionaires will stand as the only winners in the race, and a substantial amount of people will be replaced by AI.
He also said, 'Musk will get richer and a lot of people will get unemployed and Musk won't care. I'm using Musk as a sort of stand-in. Um, that's not on AI, that's on how we organise society. The problem is not ultimately due to AI itself. It’s due to how we structure our society and our economy.'
Now, readers need to understand that Geoffrey Hinton is not against the AI development or Elon Musk but the fact is that he, along with a majority of people globally, is torn between the pros and cons of AI. One thing that we already know is the development of AI will come at a cost to be paid mostly by the commoners.