AI Pioneer Says Tech Profits Depend on Replacing Workers

'Godfather Of AI' Geoffrey Hinton Warns AI Job Replacement Central To Tech Giants' Profit Strategy Amid Rising AI Investments - Broadcom (NASDAQ:AVGO), Amazon.com (NASDAQ:AMZN)

Godfather of AI Geoffrey Hinton says AI firms bet on job replacement for profits. Tech giants to boost AI spending to $420B next year.

AI Pioneer Says Tech Profits Depend on Replacing Workers

Geoffrey Hinton, the Nobel laureate often called the “godfather of AI,” warned Friday that the enormous sums tech giants are pouring into artificial intelligence will only generate returns if companies replace large numbers of human workers. In a Bloomberg TV interview, Hinton said the primary path to profitability—beyond subscription fees for tools like chatbots—lies in using AI to cut labor costs. “The big companies are betting on it causing m…