Geoffrey Hinton Net Worth: A look at the fortune of the ‘Godfather of AI'
Geoffrey Hinton is issuing a preemptive warning for our collective future, and it's not exactly a fun one.
Hinton, often hailed as the 'Godfather of AI', has been vocal about the rapid advancements in AI and the potential risks they pose.
In a recent interview, he warned that many office-based jobs are increasingly vulnerable to being replaced by AI technologies.
He pointed to skilled trades, such as plumbing, as safer career options due to their hands-on nature and reduced susceptibility to automation.
This isn't the first time Hinton has raised alarms about AI. In 2023, he resigned from his position at Google, citing concerns about the rapid development of AI technologies and their potential dangers.
He expressed regret over his role in creating technologies that could be misused and emphasized the need for more responsible development and regulation of AI.
While Hinton's concern extends beyond job loss to the potential for growing social and economic inequality if AI replaces human labor on a large scale, his statement highlights the urgent need for societies to consider how to adapt to technological advancements while ensuring job security and equitable outcomes.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Memperdagangkan CFD Emas dengan salah satu spread terendah?
IC Markets
Mendaftar
Undo
Who Is Geoffrey Hinton?
Born in 1947 in Wimbledon, England, Hinton is a British-Canadian computer scientist and cognitive psychologist renowned for his pioneering work in deep learning and neural networks. His research laid the foundation for many of the AI technologies we use today, including image recognition and natural language processing. In 2018, he was awarded the Turing Award, often referred to as the "Nobel Prize of Computing," for his contributions to the field.
In 2024, he was jointly awarded the Nobel Prize in Physics for his foundational discoveries in machine learning with artificial neural networks.
Net worth of Geoffrey Hinton:
As of last year, Hinton's estimated net worth is approximately $5 million. This valuation reflects his profound contributions to artificial intelligence, spanning academic achievements, strategic investments, and advisory roles.
Early career and academic contributions:
Hinton's journey began with a Ph.D.
in artificial intelligence from the University of Edinburgh in 1978. He has held academic positions at institutions such as the University of Toronto and Carnegie Mellon University. His research has focused on neural networks, deep learning, and machine learning, laying the groundwork for many AI technologies used today.
Industry engagements and financial ventures:
In 2013, Hinton co-founded DNNresearch, which was subsequently acquired by Google. This acquisition led to his role as a Distinguished Researcher at Google Brain until his resignation in May 2023.
His early investment in DeepMind, which was acquired by Google in 2014, further bolstered his financial standing. Additionally, Hinton has invested in various AI startups, providing both financial returns and opportunities to mentor emerging talents in the field.
Awards, recognitions, and royalties
Hinton's groundbreaking work has earned him numerous accolades:
2018 Turing Award:
Often referred to as the "Nobel Prize of Computing," awarded for his work on deep learning.
2024 Nobel Prize in Physics:
Awarded jointly with John Hopfield for foundational discoveries in machine learning using artificial neural networks.
2024 VinFuture Prize:
Recognized for his contributions to AI.
2025 Queen Elizabeth Prize for Engineering:
Awarded for his impact on engineering through AI advancements.
These honors not only acknowledge his scientific contributions but also enhance his financial portfolio through associated prize money and royalties.
Financial overview
To sum it up, Hinton's net worth is derived from various sources:
Academic salary:
As a University Professor Emeritus, Hinton receives compensation for his academic roles.
Consulting Fees:
He has served as a consultant for tech companies, providing expertise in AI.
Investments:
Hinton has invested in AI startups, including DeepMind, which have contributed to his wealth.
Royalties:
He holds patents related to AI technologies, generating royalty income.
While Hinton's net worth is modest compared to tech industry leaders, his influence on AI is profound. His work has transformed industries and continues to shape the future of technology.
'Godfather of AI' Geoffrey Hinton warns about dangers Artificial intelligence poses
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
9 minutes ago
- The Hindu
Liverpool signs Florian Wirtz from Bayer Leverkusen
Liverpool completed the signing of Germany forward Florian Wirtz from Bayer Leverkusen on Friday in a deal which could reportedly rise to a Premier League record fee. The reported fee is 116 million pounds ($156 million), which would make the 22-year-old Wirtz the most expensive player in the history of British football. One of European football's elite young stars, Wirtz, 22, was central to Leverkusen's greatest season as they claimed a first-ever Bundesliga title and the German Cup in 2023/24 without losing a single game. ALSO READ: Mbappe discharged from hospital — Will the Real Madrid star play in FIFA Club World Cup 2025? 'I feel very happy and very proud. Finally it's done and I was waiting for a long time – finally it's done and I am really happy,' said Wirtz after signing with the Premier League champion. 'I'm really excited to have a new adventure in front of me. This was also a big point of my thoughts: that I want to have something completely new, to go out of the Bundesliga and to join the Premier League. 'I will see how I can perform there. I hope I can do my best. I also spoke with some players who played there, and they told me that it's perfect for me, and every pitch is perfect, you can enjoy every game. I'm really looking forward to playing my first game,' added Wirtz. With two years left on his Leverkusen contract, Wirtz was also heavily linked with a move to German champions Bayern Munich and Pep Guardiola's City, who were looking to replace Kevin De Bruyne after the Belgian playmaker's exit. Wirtz is the second summer signing of Arne Slot and will be reunited with Leverkusen teammate Jeremie Frimpong. (inputs from Reuters and AFP)
Time of India
19 minutes ago
- Time of India
Gmada auctions 24% of plots on offer, school site fetches Rs 59cr
1 2 Mohali: The Greater Mohali Area Development Authority (Gmada) earned over Rs 136 crore from its latest property auction, which concluded on Thursday evening. However, the response remained lukewarm with only 17 out of 72 residential and commercial sites sold — just 24% of the total properties on offer. The highlight of the auction was the sale of a 4.02-acre school site in Ecocity-2 that fetched Rs 59 crore, slightly above its reserve price of Rs 57.9 crore. The plot was acquired by Blue Wing Education Society, marking one of the highest single-property bids in the auction. Among residential properties, two 500-square-yard plots in Sector 82, Alpha Block-B, IT City, sold for Rs 6.87 crore each, above their reserve price of Rs 6.35 crore. A 300-square-yard plot in Block-A of Ecocity-1 also fetched Rs 3.5 crore, compared to its reserve price of Rs 3 crore. Other 500-square-yard plots sold ranged between Rs 5.6 crore and Rs 6.87 crore, depending on location. However, a large number of properties remained unsold, including 13 booths, 15 shop-cum-offices (SCOs), two hotel sites, two commercial sites, and another school site. Gmada chief administrator Vishesh Sarangal termed the auction response "satisfactory" and expressed hope of selling the remaining properties in future rounds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo "We are optimistic that subsequent auctions will see better uptake," he said. Meanwhile, property experts believe otherwise. "The high reserve prices and frequent auctions are causing saturation. Similar properties are available for less in the open market," said Shalinder Anand, former president of the Mohali Property Consultant Association. Notably, in April, Gmada sold only two of six group housing sites, while in March it had earned a record Rs 1,986.82 crore through e-auctions. MSID:: 121978383 413 |
Time of India
19 minutes ago
- Time of India
HC wants replies from TCP on zone-swap fee waivers
Panaji: The high court has called for replies from the TCP department and the director of vigilance in a PIL seeking to recover fees illegally waived under Section 17(2) of the TCP Act. This waiver was for deleting roads proposed in the regional plan, thereby reclassifying them as settlement areas. The PIL filed by Swapnesh Sherlekar alleged a loss to the exchequer in cases considered for correction of zones. under Section 17(2), where several proposed roads were deleted without the collection of fees and without any statutory basis for such exemption. Among these were properties belonging to TCP minister Vishwajit Rane, who benefited from this unauthorised exemption of fees, the petition stated. In one such case at Carapur in Bicholim, published in the official gazette dated Nov 21, 2024, includes the deletion of a proposed road resulting in 4,214sqm being reclassified as a settlement zone. As per the revised notification, this change should have attracted fees of Rs 1,000 per sqm, amounting to Rs 44.1 lakh, which was improperly waived, Sherlekar submitted in the PIL. The decision for correction of the zone was taken post-March 28, 2024, making the revised rates applicable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo In another case published in the official gazette dated March 7, 2024, in the same village, also belonging to Rane, the deletion of a proposed road resulted in 17,802 sqm being reclassified as a settlement zone, the petition stated. 'This should have attracted fees of Rs 150 per sqm (as per rates applicable before March 28, 2024, for areas between 10,000 sqmto 20,000 sqm) amounting to Rs 26.7 lakh, which was similarly waived,' Sherlekar submitted through his advocate, Rohit Bras De Sa. The total revenue loss in just these two cases amounts to approximately Rs 69.8 lakh, he stated, adding that there are numerous similar cases of deletion of proposed roads between March 2023 and March 2024, as well as after March 2024, which require scrutiny for similar unauthorised exemptions. 'The fee schedule as notified in the official gazette specifically applies to 'fee for correction of inconsistent/incoherent zoning provisions which amount to change of zone of land to settlement zone or the sub-zone settlement (commercial), per square metre of land,' and there is no notified order on record indicating that removal of proposed roads under Section 17(2) is exempted from payment of fees,' Sherlekar further submitted. 'We have heard the counsel Rohit Bras De Sa in support of the petition, and noted the specific pleadings in the petition, which revolve around the properties belonging to Vishwajit Rane, and a specific allegation is levelled that he benefited from this unauthorised exemption of fees,' stated the division Justices Bharati Dangre and Nivedita Mehta.
