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AI Pioneer Geoffrey Hinton Warns AI Could Widen Wealth Gap

While AI will boost productivity and generate wealth, the financial benefits will primarily go to the wealthy, leaving those who lose their jobs without support.

  • Geoffrey Hinton warns that AI could widen the wealth gap and eliminate various mundane jobs.
  • Hinton cautions that without government intervention, AI's benefits will mainly go to the wealthy, potentially leading to severe societal consequences.

Artificial Intelligence (AI) is making headlines everywhere. Recently, OpenAI, led by Sam Altman, launched a new model called GPT-4o. This model enhances ChatGPT with multilingual support, real-time translations, and even, emotion recognition. 

However, despite the widespread admiration for AI, one person has some critical opinions and insights to share.

Geoffrey Hinton, known as the AI godfather for his groundbreaking work on neural networks, expressed concerns in an interview with BBC about AI widening the wealth gap. Hinton is worried that AI will eliminate many mundane jobs and believes that implementing a universal basic income could be a solution.

Now, what exactly Hinton means by this is that while AI will boost productivity and generate wealth, the financial benefits will primarily go to the wealthy, leaving those who lose their jobs without support. He, in fact, warned that this imbalance could have severe consequences for society. 

He also asserts that government intervention is crucial to address the negative impact of AI on income inequality.

Furthermore, the AI pioneer stresses the importance of a more cautious approach to AI development. He believes that within the next 5 to 20 years, AI could pose an "extinction-level threat" to humanity.

It's no news that there's a growing influence and authority of AI in our daily lives. Machines are already instructing us on what to do; they are in fact, doing our jobs better than us. So, should we worry that as AI becomes more advanced, it might start exhibiting negative reactions if humans do not follow its instructions correctly? 


Edited by Harshajit Sarmah

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