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Hinton Warns AI Will Enrich Musk and Cost Millions of Jobs

He told Bloomberg that corporate incentives favor replacing workers, framing the threat as a failure of how society is organized.

Overview

  • Geoffrey Hinton said the most lucrative use of AI is replacing human labor, arguing companies will pursue automation to boost profits.
  • He used Elon Musk as a stand-in for tech billionaires who stand to gain financially as displacement grows, emphasizing this is a societal, not purely technical, problem.
  • Coverage ties his warning to surging Big Tech outlays, with Microsoft, Amazon, Alphabet and Meta expected to spend about $420 billion in capex next year focused heavily on AI.
  • Reporters pointed to recent workforce moves such as Amazon’s plan to cut roughly 14,000 corporate jobs as examples cited in discussions about AI-driven efficiency.
  • Hinton acknowledged benefits in healthcare and education and urged regulation and social planning, while also noting the U.S. edge over China is narrowing in AI research.