Geoffrey Hinton argues that although AI could improve our lives, But it is actually going to have the opposite effect because we live in a capitalist system where the profits would just go to the rich which increases the gap even more, rather than to those who lose their jobs.

6 comments

1. “… obviously it will help in health care and it will help in education …”

   definitely not in the US, sir.

2. I argued about this here the other day. They said AI would cut costs but were afraid to admit that it SHOULD cause deflation, like they didn’t want to say a scary word.

3. Anyone who argues differently is, by definition, insane. Based on all of the available evidence regarding what recent technological advancement has done to wealth gap and who has actually benefitted.

4. The economy largely functions due to the working class and capital owners working together, trading labor for capital. Within that dynamic, if the capital owners don’t need working class labor anymore, that’s a BIG problem. Laborers lose their income, and capitalists lose their customers because the working class are also largely the consumers.

5. How else do you think super rich, wealthy people with hoarding disorder are going to use AI…..

   To hoard more wealth.

6. Cut out human labor, cut out cost. If you think that cost savings will be redistributed to you… Look around and see what’s happening

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