"What’s actually going to happen is rich people are going to use AI to replace workers,” Hinton said. “It’s going to create massive unemployment and a huge rise in profits. It will make a few people much richer and most people poorer. That’s not AI’s fault, that is the capitalist system.”
Pulling the quote because he’s basically right about this. Profits will be short-term though
Horseshit. The bubble is about to pop. A bunch of companies that fired workers to use AI are scrambling to replace those workers. It’s worthless.
if all the people are out of work who will buy your garbage?
Right? What is being missed here is that if unemployment soars then huge swathes of businesses also collapse. Profits don’t go soaring if there’s nobody buying shit.
My bobots will after I give them rights and citizenship
The “profits” aren’t coming from “sales”, the “profits” are coming from “investors”.
The pigs usually have this idea “silly poors, us rich people will do ALL the consumer spending to prop up the economy for you! You’re just not needed anymore!”
And they STILL keep saving money like they’re broke college students.
In their ideal world the rich, the Protagonists of RealityTM will just sell to each other and billions of people will starve to death as they’re not needed.
Having users is an unpleasant business. They make you scale your product, they cost money to sell to and always complain about not having enough. Now, investors? Those guys are great. You give them a pitch and a slideshow and they’ll throw millions at you. Once you try your series A funds, just IPO, then market to the public and get them to buy your stock. The big investors see the stock go up and buy, and the retail investors see big investments so they buy. Eliminates all kinds of hassle.
That’s not a prediction, that’s an offer you can’t refuse.
Where are these “profits” coming from?
Where the fuck are these “profits” coming from!?
I mean he is critiquing capitalism as the underlying problem. It’s honestly kind of refreshing to see from somebody in tech.
Godfather of AI is Alan Turing. Anyone else claiming that title gets
To be fair, he was very heavily involved in the development of the computational techniques that have enabled the past 2 decades of machine learning advances
All of these godfathers of AI coming out with the dark doom takes for labour, first doing the news and talk show rounds, then accepting healthy speaking fees at conferences everywhere. Maybe there is an opportunity for a grift there, but I just can’t see it.
I really don’t see how Hinton critiquing capitalism as the underlying problem in our society is a negative myself.
He said one sentence mentioning capitalism, and I honestly think that calling it a critique is a stretch.
I don’t think it’s a stretch at all. He’s coming out and plainly saying that capitalist economic relations are incompatible with mass automation. He’s saying that technology is not the problem, ergo it is capitalism that needs to go.
