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

• Computer scientist and Nobel laureate Geoffrey Hinton predicted artificial intelligence will spark a surge in unemployment and profits as companies replace workers with AI. But it’s not the technology’s fault, he told the Financial Times, attributing it instead to capitalism. While layoffs haven’t spiked, evidence is mounting that AI is shrinking opportunities at the entry level.

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the...