AI and the Wealth Gap

May 22, 2024

Renowned artificial intelligence expert Geoffrey Hinton predicts that while AI will boost productivity and wealth, its benefits will primarily accrue to those already wealthy, exacerbating societal issues. Without government intervention, the consequences of job displacement could be severe. Hinton left Google in 2023 to freely discuss AI’s potential dangers without being constrained by his former employer. He notes that AI has made significant progress over the past five years, but its current state is a cause for concern. His warnings highlight the need for thoughtful governance to mitigate AI’s negative impacts on society.