The "godfather of AI" claims the technology will lead to mass unemployment and skyrocketing profits: "That's capitalism."

Geoffrey Hinton, the latest winner of the 2024 Nobel Prize in Physics and known within the technology sector as the "godfather of Artificial Intelligence" for having revolutionized this technology on two occasions , has been warning of the dangers of this technology for several years, which is why in 2023 he decided to leave Google before the American giant launched its own AI called Gemini.

Since then, he has become one of the most influential voices when it comes to speaking about AI and the future of this technology in our world, and one of the few who doesn't mince his words when it comes to the "dark future" that awaits us. He has repeatedly pointed out that we are unaware of what we have created and how it will affect us, and in his latest interview with The Financial Times, he pointed out who the big winners and losers will be from the rise of AI.

"What's really going to happen is that the rich are going to use AI to replace workers ," Hinton said. "This will lead to massive unemployment and a huge increase in profits. It will make a few people much richer and the majority poorer. That's not the fault of AI, but of the capitalist system."

The example, though not yet widely visible, is that companies are laying off thousands of workers to replace them with AI , and many detail how successful this strategy has been. Hinton points out that companies are concerned with short-term profits rather than the long-term consequences of the technology and its impact on society.

Hinton believes that jobs that perform routine tasks will be replaced by AI , while some highly skilled jobs will remain. He also points out that healthcare is the only sector that will be safe from the potential job apocalypse.

Finally, he rejected OpenAI CEO Sam Altman's idea of ​​a future universal basic income, saying AI disrupts the economy and reduces demand for workers, stating that it "does not take into account human dignity" and the value people derive from having a job.