Computer scientist and 2024 Nobel laureate Geoffrey Hinton predicted artificial intelligence will spark a surge in unemployment and profits as companies replace workers with AI.
“What’s actually going to happen is rich people are going to use AI to replace workers,” Hinton said. “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. That’s not AI’s fault, that is the capitalist system.” – Fortune, Sept 6, 2025. 3:27pm.
“Now AI is going change everything. And it definitely will, for awhile. Technology saves money by reducing labor costs, which is just a fancy way of saying that technology allows you to replace people with machines. Unemployment will increase, and Trump will blame Obama. And so it goes.”
FROM Medium, Oct. 18, 2024: “In a monumental moment for the world of Artificial Intelligence (AI), Geoffrey Hinton, known as the ‘Godfather of AI,’ has been awarded the Nobel Prize for his pioneering work in neural networks and deep learning. He has been awarded the 2024 Nobel Prize in physics by the Royal Swedish Academy of Sciences. Hinton also won the A. M. Turing Award in 2018 — sometimes described as the ‘Nobel of computer science’. Hopfield, too, has won several other prestigious physics awards, including the 2001 Dirac Medal. Hinton’s contributions have reshaped AI research, influencing innovations in fields ranging from healthcare to self-driving cars. This article explores Hinton’s groundbreaking work, his journey to the Nobel Prize, and how his research has transformed the world of technology.”
“Can we get some AI to pick plastic out of the ocean, or do all the robots need to be screenwriters?“ – Matt Somerstein
