The AI Industry Can’t Profit Unless It Replaces Human Jobs, Warns Man Who Helped Create It

If you thought AI’s endgame was a fully automated utopia where everyone finally lives in harmony, think again.

According to Nobel laureate Geoffrey Hinton — often called “the godfather of AI” for his contributions to the tech — the future for AI in its current form is likely to be an economic dystopia.

“I think the big companies are betting on it causing massive job replacement by AI, because that’s where the big money is going to be,” he warned in a recent interview with Bloomberg.

Hinton was commenting on enormous investments in the AI industry, despite a total lack of profit so far. By typical investment standards, AI should be a pariah. There’s historical precedent for this — tech observers and economists typically point to periods known as “AI winters,” stretches of time when fundi