• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechAI

Benjamin Netanyahu fears AI could ‘cannibalize’ more jobs than it creates. ‘This is like having nuclear technology in the Stone Age’

Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
September 22, 2023, 5:06 PM ET
Elon Musk
Tesla CEO Elon Musk talked about AI with Israeli Prime Minister Benjamin Netanyahu.Al Drago/Bloomberg via Getty Images

Israeli Prime Minister Benjamin Netanyahu sat down with Tesla CEO Elon Musk, MIT professor Max Tegmark, and OpenAI president Greg Brockman on Sunday for a round-table discussion about artificial intelligence safety. It got interesting.

Recommended Video

Their conversation touched on potential goldilocks AI scenarios, where the technology could usher in an age of abundance and leisure, but even more time was spent pondering the potential risks—and Netanyahu was a remarkably level-headed critic. The Israeli leader said he fears that AI could incentivize the rise of giant tech monopolies that take away more jobs than they create, and argued regulators are behind the ball when accounting for this new reality. His criticisms managed to say what everyone has been thinking throughout 2023 about this emergent technology.

“If you are going to cannibalize a lot more jobs than you create, then we have to change the structure of our economic policies and our political policies to take care of the people who are not going to find jobs, who are not going to contribute added value to the economy. We have to make sure that they have a living, a decent one,” he said.

Netanyahu worries that governments worldwide are “lagging behind” when it comes to regulating AI and said he will announce a “national policy” for the technology in a few months in Israel.

“This is like having nuclear technology in the Stone Age,” he said. “The pace of development is outpacing what solutions we need to put in place to maximize the benefits and limit the risks.”

The prime minister harped on the need for “responsibility” and “ethics” in AI development, noting that due to the data required to train AI models, it’s likely that only a few companies will hold the keys to the leading AI technology. That led Netanyahu to argue, against his classic free market persona, that governments will need to step in to prevent further wealth inequality caused by these AI monopolies.

“In AI, it seems to be that you’re going to have a concentration of power that will create a bigger and bigger and bigger difference between the haves and the have nots. And that’s another thing that causes tremendous instability in our world,” he said.

While Netanyahu clarified that he doesn’t know how the rollout of AI will ultimately affect the global economy and labor market, and he acknowledged that a more positive scenario is still possible, he was clear about his worries about the job losses he sees being caused by AI monopolies. “I’m a free market guy,” he said. “But you stop at monopolies and at monopolies’ edge.”

Even Musk, who created his own AI company and has developed AI tech at Tesla, agreed that it would be a good idea to have more AI regulation. 

“You could think of a [AI] regulatory agency being like a referee,” he said. “What sports game doesn’t have a referee? You need someone to make sure that people are playing fairly, not breaking the rules.”

Musk said that everyone he knows in the AI industry has “good motivations,” but that doesn’t always prevent worst-case scenarios. Echoing Netanyahu’s comments, the Tesla CEO noted that Einstein didn’t expect his work in physics to lead to nuclear weapons, but nevertheless, it did. “We need to be cautious, that even with the best of intentions … we could create something bad,” he added. “That is one of the possible outcomes.”

Still, Musk argued there is also a “very positive scenario” for AI that would look something like a nirvana.

“The very positive scenario basically sounds like heaven. You can have whatever you want, you don’t need to work, you have no obligations, any illness you have can be cured,” he said, arguing the birth of AI robots and other tech would mean the end of scarcity for all goods and services. 

In response, Netanyahu asked if a world of abundance and leisure was what Musk truly wanted, hinting at the differences between their worldviews.

“Life is a struggle,” he said. “It’s defined as a struggle, where you’re competing with forces of nature or with other human beings or with animals, and you constantly better your position. This is how the human race has defined itself, and our self-definition is based on that—both as individuals, as nations, as humanity as a whole. Now that could be challenged.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Will Daniel
By Will Daniel
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
1 day ago
placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
2 days ago
placeholder alt text
Success
Ryan Serhant starts work at 4:30 a.m.—he says most people don’t achieve their dreams because ‘what they really want is just to be lazy’
By Preston ForeJanuary 31, 2026
1 day ago
placeholder alt text
Big Tech
The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to 'cure or prevent all disease'
By Sydney LakeFebruary 1, 2026
13 hours ago
placeholder alt text
Success
U.S. Olympic gold medalist went from $200,000-a-year sponsorship at 20 years old to $12-an-hour internship by 30
By Orianna Rosa RoyleFebruary 1, 2026
8 hours ago
placeholder alt text
Economy
Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season
By Shawn TullyJanuary 31, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

dewar
CommentaryLeadership
The AI adoption story is haunted by fear as today’s efficiency programs look like tomorrow’s job cuts. Leaders need to win workers’ trust
By Carolyn DewarFebruary 1, 2026
11 hours ago
trader
Investingbubble
‘We’re not in a bubble yet’ because only 3 out of 4 conditions are met, top economist says. Cue the OpenAI IPO
By Nick LichtenbergFebruary 1, 2026
11 hours ago
Big TechMark Zuckerberg
The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to ‘cure or prevent all disease’
By Sydney LakeFebruary 1, 2026
13 hours ago
The founder and CEO of $1.25 billion AI identity verification platform Incode, Ricardo Amper
SuccessGen Z
CEO of $1.25 billion AI company says he hires Gen Z because they’re ‘less biased’ than older generations—too much knowledge is actually bad, he warns
By Emma BurleighFebruary 1, 2026
14 hours ago
Several pictures of people receiving medical treatments including a facelift and oxygen therapy.
HealthSuper Bowl
Hims and Hers Super Bowl ad highlights ‘uncomfortable truth’ about elite healthcare for the rich and ‘broken’ system for the rest
By Jacqueline MunisFebruary 1, 2026
15 hours ago
Elon Musk sits with his hands on his knees in front of a blue "World Economic Forum" background.
Economythe future of work
Musk’s fantasy for a future where work is optional just got more real: UK minister calls for universal basic income to cushion AI-related job losses
By Sasha RogelbergFebruary 1, 2026
15 hours ago