Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Tesla and the Other American Car That Are Way Cheaper Due To Trump's Tariffs
The Trump Administration's imposition of tariffs on vehicles and car parts made outside of the United States have turned the auto market on its head. Most economists seem to agree that the tariffs will increase costs for nearly all automakers and consumers will pay the price. Even cars with famously American nameplates, like Ford and GM, will likely see vehicle prices increase, perhaps by thousands of dollars per vehicle. But two automakers seem poised to benefit from the turmoil. Here's how the tariffs will affect the overall market and who the likely winners will be if they remain in place. Read Next: Trending Now: As reported by CNBC, several industry analysts see Tesla and Rivian as winning the tariffs war, at least as it comes to auto manufacturers. These two companies are among the few who produce 100% of their vehicles in the United States, making them obvious winners over foreign manufacturers like Honda and Toyota. However, Tesla and Rivian also have an edge over domestic manufacturers like Ford and GM. According to Daniel Roesak, an analyst for Bernstein, 'Tesla wins, Detroit bleeds.' Roeska thinks Tesla in particular is 'better insulated' from trade risk and the 'clear structural winner' of Trump's tariff policy. Check Out: UBS analyst Joseph Spak agrees with Roesak, saying both Tesla and competitor Rivian could 'fare better' since they both produce 100% of their vehicles in America. The stock market seemed to agree with Spak, as Rivian shares popped by 7% the day after Trump announced the 25% tariffs on auto makers. Since the goal of Trump's tariffs is to protect American businesses and allow them to compete on a level playing field, it would seem logical to think that the big legacy American auto makers, like GM and Ford, should benefit as well. Unfortunately, in today's multinational economy, hardly anything truly gets produced 100% domestically and that's definitely true in the case of Ford and GM. According to Bloomberg, for example, nearly half the vehicles GM sold in America in 2024 were built abroad. Ford is a bit more American-focused, but still assembles about 21% of its cars overseas, according to Ford Media. That means that even these most American of companies still rely heavily on overseas parts and production – thus subjecting them to some of the very tariffs designed to protect them. Spak sees the price of Ford and GM cars spiking by as much as $4,000 to $5,000 per vehicle if the companies pass through the cost of the tariffs. Ford would likely be shielded more than GM, as it has more domestic production, but in both cases, prices are expected to rise. For now, auto pricing is in a nebulous place. Dealers of all brands are making whatever defensive adjustments they can without fully committing to one direction or the other, as the tariffs may vanish as quickly as they were implemented. On April 29, for example, Trump already softened the most draconian aspects of the tariffs, according to Reuters and further reductions may — or may not — be on the horizon. Given the current environment, many analysts suggest that if you're already in the market for a new car, it might make sense to move sooner rather than later. Prices are unlikely to fall in the current environment and if the tariffs remain in place, they may very well jump higher. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on Tesla and the Other American Car That Are Way Cheaper Due To Trump's Tariffs 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
Yahoo
an hour ago
- Yahoo
Tesla price hikes, Roku–Amazon, Hinge Health analyst coverage
Wealth host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute. Tesla (TSLA) announced price increases on its Model S and Model X by $5,000. The company also teased robotaxi rollout plans for this weekend. Roku (ROKU) is gaining on news that the company will partner with Amazon (AMZN) Ads, giving marketers exclusive access to 80 million US TV households. Hinge Health (HNGE) pops after analysts initiated coverage with a bullish outlook. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
JPMorgan Upgrades Ningbo Tuopu on Tesla Recovery Outlook
JPMorgan upgraded shares of Chinese auto parts maker Ningbo Tuopu to Overweight on Monday, citing signs of demand recovery from key customers Tesla (TSLA, Financials) and Seres. JPMorgan maintained its price target of RMB56.00 per share, despite the stock trading more than 20% below that level. The firm previously downgraded Tuopu in October 2024 amid rising U.S.-China trade tensions and reduced Tesla orders. Tuopu shares surged 56% through February on enthusiasm for humanoid robotics but later dropped 44% after weak Q1 earnings and tariff-related concerns. The stock is down 5% year to date, underperforming the CSI 300 index's 2% decline. JPMorgan now sees potential upside driven by sequential volume growth from Tesla and Seres, and upcoming events related to Tesla's Robotaxi and Optimus projects. This article first appeared on GuruFocus. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
