Cryptocurrencies

By Geoffrey Hinton, a world-famous and often cited AI expert

Geoffrey Hinton, the world-renowned AI expert often referred to as the “Godfather of AI,” recently consulted with members of the UK government in Downing Street where he advised lawmakers to consider adopting a universal basic income (UBI). To deal with the imminent threat of job loss.

Until recently, Hinton worked at Google developing high-level AI features for neural networks – the core technology that underpins most modern generative AI systems like Google’s Gemini and OpenAI’s ChatGPT.

According to Hinton, the AI ​​revolution will mostly benefit the rich. Ordinary people, blue-collar workers and those in jobs that could be automated, stand to lose their means of income, “and that would be bad for society,” he recently told the BBC in an interview.

“People in Downing Street have consulted me, and I have advised them that universal basic income is a good idea,” Hinton said.

Hinton isn’t the only major AI player who believes we’ll need a universal basic income to offset the impact of automation on the human economy.

Before becoming one of the tech industry’s most famous CEOs, OpenAI co-founder Sam Altman studied under Hinton and helped pioneer the neural network. These days, Altman is known for his tenure as one of the top officials at OpenAI as well as his full support of UBI.

Altman’s other project, Worldcoin, focuses on providing universal basic income by adopting a cryptocurrency token offered free to anyone who signs up for the service and undergoes a retina scan to verify their identity.

Aside from saving humanity from a labor exodus through the advent of universal basic income, both Hinton and Altman have expressed their belief that artificial intelligence could pose an existential threat to humanity.

Hinton has reportedly left his position at Google so he can speak more freely about his concerns about the impact artificial intelligence could have on the future of our species. For his part, Altman claims that the entire reason he co-founded OpenAI with Elon Musk and others was to ensure that advanced AI systems are developed carefully and for the benefit of humanity.

In his recent interview with the BBC, Hinton said we may only have a few years before the threat becomes imminent:

“I think that in five to 20 years from now, there will be a half chance that we will have to have the problem of artificial intelligence trying to take control.”

Related: AI safety researchers leave OpenAI over prioritization concerns

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