Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Wise triggers staff backlash after cutting paid paternity leave

      Wise said it expected to report a double-digit jump in income ahead of its capital markets day

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Government is set to deal major blow to Big Tech’s moves into sports rights

      Without the article title or content provided, Im unable to generate a specific alt text for the image. Please provide mor...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Procter & Gamble axes relationship with Kremlin propaganda channel

      007 PG news article image featuring a business meeting with executives discussing strategy at a modern conference table

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 19 February 2026 10:47 am  |  Updated:  Thursday 19 February 2026 10:56 am

Ex-Deepmind executive adds to wave of stark AI warnings

By: Saskia Koopman

Tech Reporter

Add as a preferred source on Google
Dex Hunter Torricke, AI executive, speaking at a business conference, addressing AI advancements and industry trends.
Hunter-Torricke's remarks echo similar warnings from others in the AI industry

A former senior executive at Google’s AI branch has warned that the global economy is heading towards a concerning divide between those who control AI and those displaced by it, arguing that governments are unprepared for the scale of change ahead.

Dex Hunter-Torricke, who previously led communications at Google Deepmind and has worked for both Mark Zuckerberg and Elon Musk, said “the path we are currently on leads to disaster”, if political leaders don’t adapt to the speed of AI development.

In an essay titled Another Future is Possible, Hunter-Torricke wrote: “It’s crystal clear to me now: there is no plan.”

He left Deepmind in October and has since joined the Treasury as a non-executive board member

He is also launching a London-based non-profit, the Center for Tomorrow, which he says will not take funding from big tech firms.

The bulk warning centres around the effect of AI on jobs. The communications exec cited International Monetary Fund estimates showing that around 60 per cent of roles in advanced economies are exposed to AI disruption, arguing that the true impact may be greater given how quickly systems are improving.

“The productivity gains will be real”, he wrote. “But there is no automatic mechanism that translates them into broadly shared prosperity.”

He also said the likely outcome, without intervention, is a surge in corporate profits as labour costs fall, combined with a shrinking share of income for workers.

Hunter-Torricke described a possible future in which a small, highly skilled elite benefit from AI-enhanced capabilities ans advances, while much of the population faces weaker economic prospects.

“By mid-century, on this trajectory, we arrive at something that goes beyond inequality,” he wrote, adding that he did not make the prediction lightly.

Growing warnings from inside the industry

His warning adds to a flurry of concerns from within the AI sector itself. An AI safety researcher at AI giant Anthropic resigned last week, warning in a public letter that “the world is in peril” from the technology.

Read more

London Tech Week was ‘complacency in conference form’

London Tech Week conference attendees discussing UK tech sector challenges and structural issues in a conference setting

A former OpenAI employee also stepped down, raising concerns about the firm’s direction of deployment.

Dario Amodei, chief executive of Anthropic, also recently published a 19,000 word essay aruging that humanity is entering a period that will “test who we are as a species”.

He said highly capable AI systems, potentially exceeding human expertise, could emerge within a few years.

While optimistic that risks that such risks can be managed, he warned that the economic benefits of AI could make it difficult to slow progress, desptie concerns rising.

The warning echoes concerns raised by academics like Michael Woolridge, professor of AI at Oxford University, who recently said that inadequate safety testing could risk a ‘Hindenburg-style’ moment for the industry if a major failure undermines public trust.

And at the same time, political leaders are urging countries not to fall behind. George Osborne, the former chancellor who now leads OpenAI’s ‘for countries’ programme, told leaders at a summit in Delhi that national face ‘fomo’ over AI.

He said counries that fail to adopt the tech risk becoming “a weaker nation, a poorer nation”.

Hunter-Torricke said that the next ten years are critical and has proposed stronger support for people whose jobs are displaced by automation, taxation of AI corporate gains, and international cooperation to share its economic benefits more broadly.

He has also floated ideas such as a universal basic income and large-scale cross-border investment akin to a modern ‘marshall plan’.

After 15 years in Silicon Valley, he said he felt compelled to speak publicly. “What I had seen in those rooms, over those years, now made it impossible to stay,” he told The Times, adding that in the past he had “only told half the story”.

Read more

Liz Kendall ramps up push to funnel pension cash into UK startups

Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Tech

People & Organisations

  • AI
  • AI warning
  • Anthropic
  • DeepMind
  • elon musk
  • Google Deepmind
  • Mark Zuckerberg
  • OpenAI
  • UK unemployment

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • FTSE 100 Live: Stocks slump after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Starmer will resign, Trump says

More from CityAM

  • London Tech Week was ‘complacency in conference form’

    Tech
    London Tech Week conference attendees discussing UK tech sector challenges and structural issues in a conference setting
  • Liz Kendall ramps up push to funnel pension cash into UK startups

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • Former KPMG chief joins £10m funding round for AI-powered audit challenger

    AI
    Cortea founders Valentin Neumann and Phillipp Hovelmann standing together, with Neumann on the left and Hovelmann on the r...
  • ‘Poorly designed’ policies threatening London’s grip on global tourism

    Hospitality
    Bustling Regent Street showcasing vibrant storefronts and diverse pedestrians, capturing the essence of urban life.
  • The AI Summit London turns 10 as businesses move past the AI hype cycle

    Partner
    Neil Lawrence at DeepMind office discussing AI innovations and advancements in a professional setting
  • Labour bets £1.1bn on Britain’s AI chip race

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • London Tech Week sums up everything wrong with UK tech

    Opinion
    Attendees at London Tech Week 2026 conference networking and discussing innovations in technology and business

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies