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Voltaire Staff

AI will necessitate universal basic income: AI 'godfather' Geoffrey Hinton



In the era where AI continues to reshape industries, Professor Geoffrey Hinton, widely regarded as the "godfather of artificial intelligence," warns of its profound impact on job markets expressing concern over the potential loss of numerous mundane jobs to AI automation.

 

Hinton said there is a needy for governmental intervention in the regulation of AI and advocated for the establishment of a universal basic income to mitigate the resulting inequality, while speaking to BBC .

 

"I was consulted by people in Downing Street and I advised them that universal basic income was a good idea," he said.

 

Hinton warned that while AI might boost productivity and wealth, the benefits were likely to accrue primarily to the wealthy, leaving displaced workers without support.

 

He said while he felt AI would increase productivity and wealth, the money would go to the rich "and not the people whose jobs get lost and that’s going to be very bad for society."