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

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
January 12, 2026, 1:47 PM ET
Geoffrey Hinton delivers his Nobel Prize lecture in Stockholm on Dec. 8, 2024.
Geoffrey Hinton delivers his Nobel Prize lecture in Stockholm on Dec. 8, 2024.Pontus Lundahl—TT NEWS AGENCY/AFP via Getty Images

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits.

Recommended Video

In a wide-ranging interview with the Financial Times last year, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI, and revealed how he uses the technology. But he also predicted who the winners and losers will be.

“What’s actually going to happen is rich people are going to use AI to replace workers,” Hinton said in September. “It’s going to create massive unemployment and a huge rise in profits. It will make a few people much richer and most people poorer. That’s not AI’s fault, that is the capitalist system.”

That echoed comments he gave to Fortune in August 2025, when he said AI companies are more concerned with short-term profits than the long-term consequences of the technology.

Layoffs haven’t spiked, but evidence is mounting that AI is shrinking opportunities, especially at the entry level where recent college graduates start their careers.

A survey from the New York Fed at the time found that companies using AI were much more likely to retrain their employees than fire them, though layoffs are expected to rise in the coming months.

Hinton said earlier healthcare is the one industry that will be safe from the potential jobs armageddon.

“If you could make doctors five times as efficient, we could all have five times as much health care for the same price,” he explained on the Diary of a CEO YouTube series in June 2025. “There’s almost no limit to how much health care people can absorb—[patients] always want more health care if there’s no cost to it.”

Still, Hinton believes jobs that perform mundane tasks will be taken over by AI, while sparing some jobs that require a high level of skill.

In his interview with the FT, he also dismissed OpenAI CEO Sam Altman’s idea to pay a universal basic income as AI disrupts the economy and reduces demand for workers, saying it “won’t deal with human dignity” and the value people derive from having jobs.

Hinton has long warned about the dangers of AI without guardrails, estimating a 10% to 20% chance of the technology wiping out humans after the development of superintelligence.

In his view, the dangers of AI fall into two categories: the risk the technology itself poses to the future of humanity, and the consequences of AI being manipulated by people with bad intent.

In his FT interview, he warned AI could help someone build a bioweapon and lamented the Trump administration’s unwillingness to regulate AI more closely, while China is taking the threat more seriously. But he also acknowledged potential upside from AI amid its immense possibilities and uncertainties.

“We don’t know what is going to happen, we have no idea, and people who tell you what is going to happen are just being silly,” Hinton said. “We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad. We can make guesses, but things aren’t going to stay like they are.”

Meanwhile, he told the FT how he uses AI in his own life, saying OpenAI’s ChatGPT is his product of choice. While he mostly uses the chatbot for research, Hinton revealed that a former girlfriend used ChatGPT “to tell me what a rat I was” during their breakup.

“She got the chatbot to explain how awful my behavior was and gave it to me. I didn’t think I had been a rat, so it didn’t make me feel too bad . . . I met somebody I liked more, you know how it goes,” he quipped.

Hinton also explained why he left Google in 2023. While media reports have said he quit so he could speak more freely about the dangers of AI, the Nobel laureate denied that was the reason.

“I left because I was 75, I could no longer program as well as I used to, and there’s a lot of stuff on Netflix I haven’t had a chance to watch,” he said. “I had worked very hard for 55 years, and I felt it was time to retire . . . And I thought, since I am leaving anyway, I could talk about the risks.”

A previous version of this story originally ran on Fortune.com on Sept. 6, 2025.

More on AI’s impact on jobs:

  • AI is boosting productivity. Here’s why some workers feel a sense of loss
  • AI layoffs are looking more and more like corporate fiction that’s masking a darker reality, Oxford Economics suggests
  • This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again
In 2001, Fortune first convened “The Smartest People We Know,” bringing together CEOs and founders, builders and investors, thinkers and doers. Since then, Fortune Brainstorm Tech has been the place where bold ideas collide. From June 8–10, we will return to Aspen—where it all began—to mark 25 years of Brainstorm. Register now.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in AI

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
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 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 AI

damaro
CommentaryDisney
Disney’s $60 billion bet on the one thing AI can’t replace
By Roland BetancourtApril 28, 2026
11 minutes ago
How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding
NewslettersTerm Sheet
How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding
By Alexei OreskovicApril 28, 2026
2 hours ago
Demonstrators protest outside the courthouse as jury selection begins in the lawsuit between Elon Musk and OpenAI on April 27, 2026 in Oakland, California. (Photo: Benjamin Fanjoy/Getty Images)
NewslettersFortune Tech
Gird your loins, Musk v. Altman got its jury
By Andrew NuscaApril 28, 2026
3 hours ago
Woman packing her stuff as an AI worker types on a computer
SuccessCareers
Microsoft researchers have revealed the 40 jobs most exposed to AI—and even teachers make the list
By Preston ForeApril 28, 2026
3 hours ago
Photo of Emma Grede
SuccessThe Promotion Playbook
Self-made multimillionaire Emma Grede says she was ‘using AI like a 42-year-old woman’—until Mark Cuban gave her a wake-up call
By Orianna Rosa RoyleApril 28, 2026
3 hours ago
OpenAI CFO reportedly at odds with Sam Altman over missed revenue target—even as AI capex is set to hit $660 billion
AIMarkets
OpenAI CFO reportedly at odds with Sam Altman over missed revenue target—even as AI capex is set to hit $660 billion
By Jim EdwardsApril 28, 2026
3 hours ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
22 hours ago
Current price of silver as of Monday, April 27, 2026
Personal Finance
Current price of silver as of Monday, April 27, 2026
By Joseph HostetlerApril 27, 2026
1 day ago
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
Future of Work
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
By Marco Quiroz-GutierrezApril 26, 2026
2 days ago
Current price of oil as of April 27, 2026
Personal Finance
Current price of oil as of April 27, 2026
By Joseph HostetlerApril 27, 2026
1 day ago
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
Politics
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
4 days ago
Current price of gold as of April 27, 2026
Personal Finance
Current price of gold as of April 27, 2026
By Danny BakstApril 27, 2026
1 day ago