No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, January 20, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
Share on FacebookShare on TwitterShare on LInkedIn



The long-term impact of artificial intelligence is one of the most hotly debated topics in Silicon Valley. Nvidia CEO Jensen Huang predicts that every job will be transformed—and likely lead to a 4-day workweek. Other tech titans go even further: Bill Gates says humans may soon not be needed “for most things,” and Elon Musk believes most humans won’t have to work at all in “less than 20 years.”

While those predictions might sound extreme, they’re not just plausible, they’re likely, said Geoffrey Hinton—the British computer scientist widely known as the “Godfather of AI.” The transition, he warned, could trigger a sweeping economic reshuffling that leaves millions of workers behind.

“It seems very likely to a large number of people that we will get massive unemployment caused by AI,” Hinton said in a recent discussion with Senator Bernie Sanders (I-VT) at Georgetown University.

“And if you ask where are these guys going to get the roughly trillion dollars they’re investing in data centers and chips… one of the main sources of money is going to be by selling people AI that will do the work of workers much cheaper. And so these guys are really betting on AI replacing a lot of workers.”

Hinton has grown increasingly vocal about what he sees as Big Tech’s misplaced priorities. The industry, he recently told Fortune, is driven less by scientific progress than by short-term profits—fueling a push to replace human workers with cheaper AI systems.

His warnings come as the economics of AI face new scrutiny. OpenAI, the maker of ChatGPT, isn’t expected to turn a profit until at least 2030 and may need more than $207 billion to support its growth, according to HSBC estimations.

The future of AI is behind a fog of war

Hinton’s journey from AI insider to outspoken critic underscores the high stakes of the technology he helped create. After quitting his Google job in 2023 to speak more freely about AI’s risks, he has become one of the most prominent skeptics. Last year, his pioneering work in machine learning earned him the Nobel Prize.

He also acknowledged that AI will create new jobs, as many tech leaders predict. But he added that he does not expect the number of new roles to come close to the number eliminated. Even so, he cautioned that all predictions—including his own—should be treated with heavy skepticism. 

“Trying to predict the future of it is going to be very difficult,” he told Sanders. “It’s a bit like when you drive in fog. You can see clearly for 100 yards and at 200 yards you can see nothing. Well, we can see clearly for a year or two, but 10 years out, we have no idea what’s going to happen.”

What is clear, however, is that AI isn’t going away, and experts say workers who adapt—and use the technology to amplify their skills—will stand the best chance of navigating the coming upheaval.

100 million jobs are at risk, Bernie Sanders warns

Sanders has attempted to quantify the stakes. In a report released in October—based partly on estimates generated by ChatGPT—he warned that nearly 100 million U.S. jobs could be displaced by automation. Workers in fast food, customer service, and manual labor face some of the highest risks, but white-collar roles in accounting, software development, and nursing could also see significant cuts.

“It’s not just economics,” Sanders wrote in an op-ed for Fox News. “Work, whether being a janitor or a brain surgeon, is an integral part of being human. The vast majority of people want to be productive members of society and contribute to their communities. What happens when that vital aspect of human existence is removed from our lives?”

Senator Mark Warner (D-VA) has raised similar alarms, warning that the disruption could hit young people first and hardest—potentially driving unemployment among recent college graduates to as high as 25% in the next two to three years.

“Let’s look at the fact we never did anything on social media,” Warner told CNBC. “If we make that same response on AI and don’t put guardrails, I think we will come to rue that day.”



Source link

Tags: billElonfutureGatesGodfatherMassMuskpredictsunemploymentworkbut
ShareTweetShare
Previous Post

Bank of America forecasts strong Israel GDP growth

Next Post

Acuity: Die 375-USD-Marke entscheidet über die Trendfortsetzung!

Related Posts

edit post
ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

by TheAdviserMagazine
January 20, 2026
0

ITC Hotels reported a 77% jump in its consolidated net profit to Rs 235 crore for the quarter ended December...

edit post
NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal

NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal

by TheAdviserMagazine
January 20, 2026
0

Concerns over deposit growth, liquidity stress and slowing consumer demand dominated a wide-ranging discussion with market expert Sandip Sabharwal on...

edit post
Trump set for Davos; U.S. policy shifts, Greenland to take spotlight (SPY:NYSEARCA)

Trump set for Davos; U.S. policy shifts, Greenland to take spotlight (SPY:NYSEARCA)

by TheAdviserMagazine
January 20, 2026
0

Jan. 20, 2026 12:27 AM ETSPDR® S&P 500® ETF (SPY), US10Y, FEZ, EWU, EZU, IEV, HEDJ, IEUR, DBEF, BBEU, VGK,...

edit post
Asian stocks, US treasuries fall on tariff angst

Asian stocks, US treasuries fall on tariff angst

by TheAdviserMagazine
January 19, 2026
0

Asian shares slipped at the open Tuesday as President Donald Trump’s tariff threats over Greenland revived trade tensions and weighed...

edit post
Stock market today: Dow futures tumble 400 points on Trump’s tariffs over Greenland, Nobel prize

Stock market today: Dow futures tumble 400 points on Trump’s tariffs over Greenland, Nobel prize

by TheAdviserMagazine
January 19, 2026
0

U.S. stock futures dropped late Monday after global equities sold off as President Donald Trump launches a trade war against...

edit post
56% of companies getting ‘nothing’ out of AI because they’ve forgotten the basics, PwC chairman says

56% of companies getting ‘nothing’ out of AI because they’ve forgotten the basics, PwC chairman says

by TheAdviserMagazine
January 19, 2026
0

For the past two-and-a-half decades, the mandate for global business leaders was relatively straightforward: grow the existing business, allocate capital...

Next Post
edit post
Acuity: Die 375-USD-Marke entscheidet über die Trendfortsetzung!

Acuity: Die 375-USD-Marke entscheidet über die Trendfortsetzung!

edit post
CFTC Greenlights Spot Crypto Trading on US Exchanges

CFTC Greenlights Spot Crypto Trading on US Exchanges

  • Trending
  • Comments
  • Latest
edit post
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Elon Musk Left DOGE… But He Hasn’t Left Washington

Elon Musk Left DOGE… But He Hasn’t Left Washington

January 2, 2026
edit post
ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

0
edit post
Chart of the Week: The New Capitals of AI

Chart of the Week: The New Capitals of AI

0
edit post
Treasury submits budget to Knesset late amid political uncertainty

Treasury submits budget to Knesset late amid political uncertainty

0
edit post
Weak States, Not Limited States: Early Ming Governance and the Illusion of Proto-Liberalism

Weak States, Not Limited States: Early Ming Governance and the Illusion of Proto-Liberalism

0
edit post
Pudgy Penguins, Known For NFT Toys, Dives Deeper Into Soccer

Pudgy Penguins, Known For NFT Toys, Dives Deeper Into Soccer

0
edit post
The  Insulin Launch: How to Bypass Your Insurance Deductible with California’s New “CalRx” Program

The $11 Insulin Launch: How to Bypass Your Insurance Deductible with California’s New “CalRx” Program

0
edit post
ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%

January 20, 2026
edit post
NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal

NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal

January 20, 2026
edit post
Trump set for Davos; U.S. policy shifts, Greenland to take spotlight (SPY:NYSEARCA)

Trump set for Davos; U.S. policy shifts, Greenland to take spotlight (SPY:NYSEARCA)

January 20, 2026
edit post
Preparing for a Stock Market that’s Quietly Broadening Beyond Tech

Preparing for a Stock Market that’s Quietly Broadening Beyond Tech

January 19, 2026
edit post
Charles Hoskinson criticizes Ripple CEO Brad Garlinghouse for backing flawed CLARITY Act

Charles Hoskinson criticizes Ripple CEO Brad Garlinghouse for backing flawed CLARITY Act

January 19, 2026
edit post
The  Insulin Launch: How to Bypass Your Insurance Deductible with California’s New “CalRx” Program

The $11 Insulin Launch: How to Bypass Your Insurance Deductible with California’s New “CalRx” Program

January 19, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%
  • NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal
  • Trump set for Davos; U.S. policy shifts, Greenland to take spotlight (SPY:NYSEARCA)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.