Geoffrey Hinton, “Godfather of AI” warns of economic and social impact

May 20, 2024 Geoffrey Hinton, often regarded as the ‘godfather of AI’ for his pioneering work in neural networks, has voiced significant concerns about the impact of artificial intelligence on the job market. In a recent discussion with the BBC, Hinton expressed his worries about AI’s potential to automate “lots of mundane jobs,” which could have profound effects on employment and societal structure.

To address these concerns, Hinton advised the British government to consider implementing a universal basic income (UBI). UBI involves providing a recurring cash payment to all adults within a population, regardless of their income or employment status, to help mitigate the economic disruption caused by AI. This policy recommendation reflects Hinton’s belief that while AI will increase productivity and generate wealth, it could also exacerbate income inequality and economic disparity without governmental intervention.

Hinton’s recommendation comes at a time when the concept of UBI is gaining traction globally, with experiments underway in various countries and regions, including South Africa, Kenya, India, and several cities in the United States. These initiatives are exploring UBI’s potential to alleviate poverty and provide financial stability in the face of increasing automation.

In his interview, Hinton underscored the urgent need for a cautious approach to AI development, citing the potential for AI to become an “extinction-level threat” to humans within the next two to three decades. His views add a critical dimension to the ongoing debate on how society should navigate the challenges and opportunities presented by advanced AI technologies.

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Picture of Jim Love

Jim Love

Jim Love's career in technology spans more that four decades. He's been a CIO and headed a world wide Management Consulting practice. As an entrepreneur he built his own tech business. Today he is a podcast host with the popular tech podcasts Hashtag Trending and Cybersecurity Today with over 14 million downloads. As a novelist, his latest book "Elisa: A Tale of Quantum Kisses" is an Audible best seller. In addition, Jim is a songwriter and recording artist with a Juno nomination and a gold album to his credit. His music can be found at music.jimlove.com
Picture of Jim Love

Jim Love

Jim Love's career in technology spans more that four decades. He's been a CIO and headed a world wide Management Consulting practice. As an entrepreneur he built his own tech business. Today he is a podcast host with the popular tech podcasts Hashtag Trending and Cybersecurity Today with over 14 million downloads. As a novelist, his latest book "Elisa: A Tale of Quantum Kisses" is an Audible best seller. In addition, Jim is a songwriter and recording artist with a Juno nomination and a gold album to his credit. His music can be found at music.jimlove.com

Jim Love

Jim is an author and podcast host with over 40 years in technology.

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