With Artificial Intelligence (AI) already disrupting various aspects of the global economy, the ‘Godfather of AI,’ has voiced out his apprehension about the implications of this technology. According to him, AI, though massively transformative in many beneficial ways, may also lead to widespread unemployment as automation takes over numerous jobs once done by humans. He further emphasized that while corporations and industries could experience heightened profits due to automation, the flipside is a potentially dramatic increase in unemployment rates. The ‘Godfather of AI’ also remarked that this was a likely scenario in a capitalist system. He stated that a modern capitalist society often cared more for profit than people’s livelihoods. In conclusion, he urged various stakeholders, including governments and policymakers, to seriously contemplate the societal implications of AI while envisioning preventative measures for potential consequences. Read More
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