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

Benjamin Netanyahu fears AI could ‘cannibalize’ more jobs than it creates. ‘This is like having nuclear technology in the Stone Age’

Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
September 22, 2023, 5:06 PM ET
Elon Musk
Tesla CEO Elon Musk talked about AI with Israeli Prime Minister Benjamin Netanyahu.Al Drago/Bloomberg via Getty Images

Israeli Prime Minister Benjamin Netanyahu sat down with Tesla CEO Elon Musk, MIT professor Max Tegmark, and OpenAI president Greg Brockman on Sunday for a round-table discussion about artificial intelligence safety. It got interesting.

Recommended Video

Their conversation touched on potential goldilocks AI scenarios, where the technology could usher in an age of abundance and leisure, but even more time was spent pondering the potential risks—and Netanyahu was a remarkably level-headed critic. The Israeli leader said he fears that AI could incentivize the rise of giant tech monopolies that take away more jobs than they create, and argued regulators are behind the ball when accounting for this new reality. His criticisms managed to say what everyone has been thinking throughout 2023 about this emergent technology.

“If you are going to cannibalize a lot more jobs than you create, then we have to change the structure of our economic policies and our political policies to take care of the people who are not going to find jobs, who are not going to contribute added value to the economy. We have to make sure that they have a living, a decent one,” he said.

Netanyahu worries that governments worldwide are “lagging behind” when it comes to regulating AI and said he will announce a “national policy” for the technology in a few months in Israel.

“This is like having nuclear technology in the Stone Age,” he said. “The pace of development is outpacing what solutions we need to put in place to maximize the benefits and limit the risks.”

The prime minister harped on the need for “responsibility” and “ethics” in AI development, noting that due to the data required to train AI models, it’s likely that only a few companies will hold the keys to the leading AI technology. That led Netanyahu to argue, against his classic free market persona, that governments will need to step in to prevent further wealth inequality caused by these AI monopolies.

“In AI, it seems to be that you’re going to have a concentration of power that will create a bigger and bigger and bigger difference between the haves and the have nots. And that’s another thing that causes tremendous instability in our world,” he said.

While Netanyahu clarified that he doesn’t know how the rollout of AI will ultimately affect the global economy and labor market, and he acknowledged that a more positive scenario is still possible, he was clear about his worries about the job losses he sees being caused by AI monopolies. “I’m a free market guy,” he said. “But you stop at monopolies and at monopolies’ edge.”

Even Musk, who created his own AI company and has developed AI tech at Tesla, agreed that it would be a good idea to have more AI regulation. 

“You could think of a [AI] regulatory agency being like a referee,” he said. “What sports game doesn’t have a referee? You need someone to make sure that people are playing fairly, not breaking the rules.”

Musk said that everyone he knows in the AI industry has “good motivations,” but that doesn’t always prevent worst-case scenarios. Echoing Netanyahu’s comments, the Tesla CEO noted that Einstein didn’t expect his work in physics to lead to nuclear weapons, but nevertheless, it did. “We need to be cautious, that even with the best of intentions … we could create something bad,” he added. “That is one of the possible outcomes.”

Still, Musk argued there is also a “very positive scenario” for AI that would look something like a nirvana.

“The very positive scenario basically sounds like heaven. You can have whatever you want, you don’t need to work, you have no obligations, any illness you have can be cured,” he said, arguing the birth of AI robots and other tech would mean the end of scarcity for all goods and services. 

In response, Netanyahu asked if a world of abundance and leisure was what Musk truly wanted, hinting at the differences between their worldviews.

“Life is a struggle,” he said. “It’s defined as a struggle, where you’re competing with forces of nature or with other human beings or with animals, and you constantly better your position. This is how the human race has defined itself, and our self-definition is based on that—both as individuals, as nations, as humanity as a whole. Now that could be challenged.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Will Daniel
By Will Daniel
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Tech

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

Latest in Tech

Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
North AmericaU.S. Politics
Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
By Marco Quiroz-GutierrezMay 11, 2026
1 hour ago
Nvidia co-founder and CEO Jensen Huang is driving a squeeze of memory chips.
AISemiconductors
Wall Street thinks memory is AI’s golden ticket. Harvard’s chip expert warns: ‘Curves that just go to the sky with no end…never continue forever’
By Eva RoytburgMay 11, 2026
4 hours ago
Shark Tank’s Kevin O’Leary wants to build a massive $100 billion data center in rural Utah. Residents are revolting
AIData centers
Shark Tank’s Kevin O’Leary wants to build a massive $100 billion data center in rural Utah. Residents are revolting
By Marco Quiroz-GutierrezMay 11, 2026
5 hours ago
Santa Clara County is suing Meta over allegations it profited from scam advertisements that particularly targeted seniors and families
LawMeta
Santa Clara County is suing Meta over allegations it profited from scam advertisements that particularly targeted seniors and families
By Catherina GioinoMay 11, 2026
6 hours ago
Nvidia CEO Jensen Huang
Economyconstruction
Jensen Huang’s message to electricians and plumbers: ‘This is your time,’ as AI buildout leads to soaring demand for skilled trades
By Tristan BoveMay 11, 2026
8 hours ago
worker alone in empty office
Future of WorkTech
AI isn’t paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds
By Jake AngeloMay 11, 2026
8 hours ago

Most Popular

OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
Economy
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
By Jason MaMay 11, 2026
8 hours ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
Success
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
By Preston ForeMay 11, 2026
9 hours ago

© 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.