Elon Musk has raised billions of dollars for his own supercharger AI, although he says there’s still a fair chance the technology will backfire.
Musk warned of the risks of artificial intelligence in an interview at Saudi Arabia’s Future Investment Initiative Summit in Riyadh.
“It’s probably going to be great,” he said. “There is a 10-20% chance that a defect will occur. The possibility of something going bad is not zero.”
If the technology grows as rapidly as Musk hopes, the risk of fraudulent AI could increase. During the summit, he said AI will become 10 times better this year, and in another lofty prediction, he predicted that within the next year or two, AI will be able to do everything humans can do.
“How long will it take, combined with what all humans can do? It won’t be long, probably three years from that point,” he added.
Musk’s predictions about the scale and dangers of AI come as his company xAI is reportedly in talks to raise a new round of funding worth about $40 billion. , The Wall Street Journal reported, citing people familiar with the matter. The company, which developed the Grok AI chatbot that X Premium members receive when they pay a subscription fee, has already raised $6 billion at a $24 billion valuation earlier this year.
According to OpenAI, Musk famously helped launch ChatGPT maker OpenAI in 2015, but left after just three years due to disagreements with other co-founders. The reason is that he wants to establish an AI company that competes with Japan. OpenAI raised $6.6 billion at a $157 billion valuation earlier this year and is now one of the most valuable privately held companies in the world.
Among other predictions, Musk also said during the summit that by 2040, the number of humanoid robots will outnumber humans on the planet and that every country will have “AI or multiple AIs.” Tesla unveiled the latest version of its Optimus bot earlier this month, but it’s not yet fully run by AI and still requires a human to operate it.
By his own description, Musk is “pathologically optimistic” and has in the past ignored questions about his inability to meet the ambitious schedule he has set for his electric car company, Tesla.
Still, he has not been shy about pointing out the potential risks of AI. In May, Musk responded to a Breitbart article. on X He cited Nobel laureate Jeffrey Hinton’s warning about the dangers of AI. And he reiterated his warnings against AI at this week’s summit.
“I think AI is a serious existential threat and something we should pay close attention to,” he said.
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