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May 18, 2024, 3:57 p.m.
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Brief news summary

Geoffrey Hinton, an AI technology leader, proposes a universal basic income (UBI) to counter the job displacement caused by artificial intelligence. He emphasizes the need for fair distribution of benefits to prevent social inequality. Hinton acknowledges that AI will eliminate certain types of work but believes physical roles like plumbing will remain unaffected. AI's potential significant impact on global jobs is a concerning factor for Hinton, as shown by his departure from Google. Companies like Sainsbury's and Microsoft are also using AI to enhance the shopping experience. Prime Minister Rishi Sunak stresses AI safety in discussions with global leaders and tech executives. In conclusion, Hinton advocates for addressing AI's employment impact and ensuring a fair distribution of wealth to mitigate potential negative societal effects.

A leading figure in the advancement of AI has proposed the implementation of a universal basic income as a solution to mitigate the negative impact of the technology on jobs. Geoffrey Hinton, a former vice president at Google, expressed concerns that AI and robots could have devastating effects on society, leaving millions unemployed while not benefiting from the resulting increase in productivity. Hinton emphasized the importance of self-respect derived from employment and suggested that a universal basic income alone would not address this issue. He also highlighted that certain professions, such as plumbing, may be less susceptible to automation. Hinton's warning aligns with the International Monetary Fund's projection that 40 percent of jobs globally will be affected by AI, with up to eight million jobs potentially being lost in the UK.

The former Google executive applauded the growing recognition of AI's potential threats and impact on society, describing it as an existential threat. He expressed concern over the concentration of wealth in the hands of the rich, further worsening socioeconomic inequality and fueling the rise of right-wing populism. Recent developments, such as Sainsbury's partnership with Microsoft to leverage AI tools, highlight how widespread the adoption of AI is becoming in various sectors. The Prime Minister of the UK, Rishi Sunak, is set to participate in a virtual session with global leaders and technology executives to discuss AI's benefits and the need for safety measures. The UK aims to maintain its leadership role in addressing the challenges and opportunities presented by AI.


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