logo
Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education

Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education

Yahoo6 hours ago

Paul Tudor Jones warned AI could cause mass unemployment and even threaten the human race.
The billionaire trader said the technology has great potential but poses risks for safety and stability.
AI could help equalize education, Jones said, adding that it ought to be regulated.
Artificial intelligence promises to solve some of the world's thorniest problems — but it could also spark mass unemployment and even eradicate the human race, Paul Tudor Jones warned.
"This is obviously the most disruptive technology in the history of mankind," the billionaire trader told "Bloomberg Open Interest" on Wednesday.
The Tudor Investment Corporation founder turned to a decades-old sci-fi series to explain the existential threat posed by AI.
"There was a great 'Twilight Zone' episode where aliens came down to Earth and they hand this book, it says 'To Serve Man,' Jones said. "And everyone goes, 'Hooray! They're going to save humanity, it's a humanitarian guide.' And it turns out to be a cookbook."
"The downside of AI is that we've been served," he added, pointing to Tesla CEO Elon Musk warning on a February podcast that there's a 20% chance of AI wiping out humanity. That risk should "set off alarm bells throughout the world," Jones continued.
He also highlighted Anthropic CEO Dario Amodei's suggestion that US unemployment could surge from around 4% to between 10% and 20% within the next five years as AI displaces legions of white-collar workers. Jones called that a "massive stability issue" on top of safety concerns about the nascent tech.
AI is already reshaping industries such as law, consulting, banking, and the media by automating tasks and producing faster and better work than humans in some cases.
Jones singled out education as one area where AI could be a force for good. The advent of virtual tutors who can help students with any subject should mean there's "no excuse for a low-income kid not to have the greatest education."
He cautioned that Trump's proposed "One Big Beautiful Bill" includes a "moratorium on AI regulation" that could allow the risks it poses to become reality.
Read the original article on Business Insider

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OpenAI wins $200 mn contract with US military
OpenAI wins $200 mn contract with US military

Yahoo

time24 minutes ago

  • Yahoo

OpenAI wins $200 mn contract with US military

The US Department of Defense on Monday awarded OpenAI a $200 million contract to put generative artificial intelligence (AI) to work for the military. San Francisco-based OpenAI will "develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains," according to the department's posting of awarded contracts. The program with the defense department is the first partnership under the startup's initiative to put AI to work in governments, according to OpenAI. OpenAI plans to show how cutting-edge AI can vastly improve administrative operations such as how service members get health care and also cyber defenses, the startup said in a post. All use of AI for the military will be consistent with OpenAI usage guidelines, according to the startup. Big tech companies are increasingly pitching their tools to the US military, among them Meta, OpenAI and, more predictably, Palantir, the AI defense company founded by Peter Thiel, the conservative tech billionaire who has played a major role in Silicon Valley's rightward shift. OpenAI and defense tech startup Anduril Industries late last year announced a partnership to develop and deploy AI solutions "for security missions." The alliance brings together OpenAI models and Anduril's military tech platform to ramp up defenses against aerial drones and other "unmanned aircraft systems", according to the companies. "OpenAI builds AI to benefit as many people as possible, and supports US-led efforts to ensure the technology upholds democratic values," OpenAI chief executive Sam Altman said at the time. gc/md Sign in to access your portfolio

Why AMD Shares Are Jumping Today
Why AMD Shares Are Jumping Today

Yahoo

time36 minutes ago

  • Yahoo

Why AMD Shares Are Jumping Today

June 6 - Shares of Advanced Micro Devices (NASDAQ:AMD) climbed nearly 10% on Monday trading after Piper Sandler raised its price target, citing growing optimism in the company's graphics processing unit (GPU) segment. Warning! GuruFocus has detected 3 Warning Signs with AMD. In a note to clients, analyst Harsh Kumar said AMD's core client business is showing signs of recovery, pointing to early demand strength. Piper Sandler increased its price target on AMD to $140 from $125 while maintaining a Buy rating. The note follows recent updates from AMD, which unveiled its new MI350 series of AI accelerators last week and gave an early preview of the next-gen MI400 platform. These products are designed to compete in the fast-growing artificial intelligence hardware market. The rally in AMD comes amid heightened investor interest in chipmakers focused on AI workloads, a space where competitors such as Nvidia (NASDAQ:NVDA), Intel (NASDAQ:INTC), Marvell Technology (NASDAQ:MRVL), and Broadcom (NASDAQ:AVGO) also operate. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

TON Moves Past $3 Milestone on High Trading Volume
TON Moves Past $3 Milestone on High Trading Volume

Yahoo

time37 minutes ago

  • Yahoo

TON Moves Past $3 Milestone on High Trading Volume

Toncoin TON established strong support at $2.94-$2.96 before making a decisive move upward, demonstrating resilience even after a sharp pullback, according to CoinDesk research's technical analysis model. The token is up 1.5% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 3.6%. Technical Analysis • Price formed a solid support zone at $2.94-$2.96 early in the period, followed by a decisive breakout above $3.00. • Significant above-average volume (1.87M and 1.54M) supported the initial breakout. • Despite a sharp pullback to $2.98 with the highest volume spike (2.97M), buyers quickly returned. • A strong consolidation pattern formed, establishing support at $2.985. • High volume (272,668 units) triggered the final breakout above $3.00. • New support zone established at $3.00-$3.01, confirming strength of the uptrend. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store