Elon Musk suggests that while AI might be the catalyst for humanity’s extinction, it could also usher in a utopia in which everyone receives a “universal high income” and no one needs to work.
Musk arrived in Britain this week to participate in an AI Safety Summit, where industry leaders—such as OpenAI CEO Sam Altman, Google DeepMind cofounder Demis Hassabis, and Anthropic CEO Dario Amodei—met with global government representatives to talk about the safe development of AI models.
Following the summit, Musk claimed it was simple to see where technology is going at a London event alongside British Prime Minister Rishi Sunak.
He predicted that we will have profound artificial intelligence, far beyond human intelligence. Its capacity appears to be increasing by a factor of five or ten every year. Next year, it will undoubtedly grow by an order of magnitude.
He predicted that we will have profound artificial intelligence, far beyond human intelligence. Its capacity appears to be increasing by a factor of five or ten every year. Next year, it will undoubtedly grow by an order of magnitude.
Musk dubbed artificial intelligence (AI) the most disruptive force in history and predicted that the technology would drastically alter society, including the workplace.
Something that is smarter than the most intelligent human will exist for the first time. He informed Sunak there would come a time when employment would not be necessary. While the AI will be able to do everything, you could work if you so choose for your own personal fulfilment.
Other prominent figures also anticipate that AI will make us all work less in the future. Musk is not alone in this regard. The billionaire investor Ray Dalio and JPMorgan CEO Jamie Dimon have both stated that when artificial intelligence begins to fill job openings, the number of working hours will be drastically reduced.
Billions of dollars have been invested in the advancement of artificial intelligence since the extraordinary success of OpenAI’s generative AI chatbotChatGPT. The AI boom has, however, sparked concerns that machines could replace millions of workers, increasing corporate profits but also widening the wealth gap.
Concerns about how humans will make enough money to survive have also been raised by the idea that computers could eventually perform nearly every job. During his chat with Sunak on Thursday, Musk had a possible solution to that issue.
He contended that instead of a universal basic income, there would be a universal high income. Since everyone will have access to this [technology], it will act as a kind of equalizer or level up.
Musk pointed out that there was no guarantee that humanity would coexist with superhuman AI in a utopian future.
He expressed his belief that AI has the potential to have a positive overall impact and pave the way for an abundant future devoid of shortages of goods or services. However, this is known as the “magic genie problem,” since most stories involving genies that grant wishes have unhappy endings. What you wish for, beware.
Finding purpose
He continued, People finding it difficult to find purpose in life if they are unable to pursue a career is one of the issues that may arise. The CEO of SpaceX and Tesla, however, came to the conclusion that AI replacing people in the majority of jobs was “probably a good thing.”
Many tasks are laborious, hazardous, or uncomfortable, and the computer is perfectly capable of handling them. All day long, it will be happy to do that, according to Musk.
Musk is well-known for putting in long hours at work. In the previous year, he served as the CEO of SpaceX, Tesla, and Twitter (now rebranded as X).
After burning the midnight oil on a work project that requires a great deal of blood, sweat, and tears, I ask myself, “Wait, why am I doing this?” He said, “I’ll just wait for the AI to do it,” on Thursday.
Although the world’s richest man and serial entrepreneur, Elon Musk, highlighted the potential advantages of artificial intelligence (AI) for the workforce on Thursday, he has long warned that there could be major risks associated with AI for the entire human race.
He has previously stated that there is a possibility the technology will go Terminator and that it will strike people like an asteroid.
He and more than 1,000 other prominent figures in the tech industry, such as Apple cofounder Steve Wozniak, signed an open letter earlier this year advocating for a six-month halt to AI research and development. The letter argued that unelected tech leaders shouldn’t be in charge of making decisions regarding the technology.
Later, he founded his own artificial intelligence company, xAI, which he claims is an attempt to comprehend the cosmos and save humanity from extinction.
Musk reaffirmed on Thursday during his conversation with Sunak that creating machines that would one day surpass humans in intelligence could be a risky endeavour.
Overall, he believes AI will be a positive force, but there is a chance it could go wrong, he said.
28 nations—including the US and China—as well as the EU inked a “world first” agreement prior to this week’s AI Safety Summit, recognizing the necessity of global cooperation to stop “catastrophic harm” brought on by technology.
Musk acknowledged that regulations would “annoy” developers during his talk on Thursday, but he also said that “having a referee is a good thing.”
