AI Could Lead to Human Job Loss, Warns AI 'Godfather' Geoffrey Hinton

By Thea Felicity

May 19, 2024 03:20 PM EDT

A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (L) and the letters AI on a laptop screen in Frankfurt am Main, western Germany. Sam Altman's shock return as chief executive of OpenAI late on November 22 -- days after being sacked -- caps a chaotic period that highlighted deep tensions at the heart of the Artificial Intelligence community. The board that fired Altman from his role as CEO of the ChatGPT creator has been almost entirely replaced following a rebellion by employees, cementing his position at the helm of the firm.
(Photo : Photo by KIRILL KUDRYAVTSEV/AFP via Getty Images)

Computer scientist Geoffrey Hinton, often dubbed the "godfather of artificial intelligence," has advocated for implementing a universal basic income to address the potential inequality pushed by AI advancements, especially in jobs.

In a recent interview with BBC Newsnight, Professor Hinton encouraged nations to implement a system where all citizens receive a set amount of cash regularly. This would ensure that financial support is given to everyone as the risk of artificial intelligence (AI) replacing millions of jobs has increased over the years.

Additionally, based on his deep knowledge as a pioneer in neural networks, he expressed concern about the risks associated with the uncontrolled development of artificial intelligence (AI), especially in military applications. 

Specifically, he emphasized the necessity of establishing global regulations similar to the Geneva Conventions to ensure that AI technology is used ethically and by humanitarian principles amid worries that AI could potentially make lethal decisions independently.

Hinton also promoted the idea of international cooperation and stressed the importance of prioritizing safety and ethical standards in the progression of AI technology.

READ NEXT: EU Slaps Microsoft with Warning that It Could Face Billions of Fines Over Missing Generative AI Risk Report

AI Replacing Human Jobs

In 2016, VCPost already reported that artificial intelligence (AI) is increasingly replacing jobs as machine learning algorithms and automation systems become more sophisticated and capable of performing tasks traditionally carried out by humans. 

These tasks range from routine manual labor to complex decision-making processes, such as the case of Wall Street analysts. 

While AI offers numerous benefits, including increased productivity and innovation, its rapid adoption raises concerns about job displacement. As AI systems become more capable, many routine and repetitive jobs are at risk of being automated, potentially leading to unemployment and economic disruption for workers who rely on these jobs.

READ MORE: Canadian Economy Rises With 90,000 Jobs Added in April, Defying Predictions

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics