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Elon Musk, tech chiefs back artificial intelligence startup OpenAI

  • Tesla Motors Inc
    chief executive officer Elon Musk and other prominent tech executives are
    pouring $1 billion into a non-profit aimed at creating artificial intelligence
    that augments humans’ capabilities, rather than making them obsolete,
    Reuters reported.
  •  
  • The effort announced
    • Tesla Motors Inc
      chief executive officer Elon Musk and other prominent tech executives are
      pouring $1 billion into a non-profit aimed at creating artificial intelligence
      that augments humans’ capabilities, rather than making them obsolete,
      Reuters reported.
    •  
    • The effort announced
      on Friday, called OpenAI, joins significant investments from companies such as
      Alphabet Inc’s Google, Facebook Inc and Amazon.com Inc, which have used
      artificial intelligence to sharpen their businesses with services such as
      facial recognition or language processing.
    •  
    • But the OpenAI
      founders suggested they have set their sights on bigger problems.
    •  
    • “Our goal is to
      advance digital intelligence in the way that is most likely to benefit humanity
      as a whole, unconstrained by a need to generate financial return,” a blog post
      on OpenAI’s website said.
    •  
    • Predicting that
      human-level artificial intelligence will eventually arrive, the backers argued
      that it was vital to have a research institution like OpenAI in place to seek
      “a good outcome for all over its own self-interest.”
    •  
    • Musk has warned of
      the harm that may come from artificial intelligence, telling Massachusetts
      Institute of Technology students it was humanity’s “biggest existential
      threat.”
    •  
    • He will be co-chair
      of the non-profit with venture capitalist Sam Altman, who has backed Reddit.
    •  
    • As artificial
      intelligence races ahead, non-profits have a special part to play by focussing
      the technology on society’s most pressing problems, said Oren Etzioni, CEO of
      the Allen Institute for Artificial Intelligence, a non-profit established in
      2014 by Microsoft Corp co-founder Paul Allen.
    •  
    • “AI is too important
      a technology to be dedicated to things like ad targeting or ordering things in
      a news feed,” Etzioni said.
    •  
    • OpenAI’s list of
      donors include PayPal Holding Inc co-founder Peter Thiel, LinkedIn Corp
      co-founder Reid Hoffman and Musk himself.
    •  
    • Other supporters
      include Amazon’s cloud unit Amazon Web Services, Indian IT firm Infosys Ltd and
      Greg Brockman, former chief technology officer of payments startup Stripe.

     

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