The Tesla, SpaceX and Twitter boss was asked about how he sees technology developing 10 years from now.
Musk is co-founder of OpenAI, the U.S. startup that developed ChatGPT — a so-called generative AI tool which returns human-like responses to user prompts.
ChatGPT is an advanced form of AI powered by a large language model called GPT-3. It is programmed to understand human language and generate responses based on huge bodies of data.
ChatGPT “has illustrated to people just how advanced AI has become,” according to Musk. “The AI has been advanced for a while. It just didn’t have a user interface that was accessible to most people.”
Whereas cars, airplanes and medicine must abide by regulatory safety standards, AI does not yet have any rules or regulations keeping its development under control, he added.
“I think we need to regulate AI safety, frankly,” Musk said. “It is, I think, actually a bigger risk to society than cars or planes or medicine.”
Regulation “may slow down AI a little bit, but I think that might also be a good thing,” Musk added.
The billionaire has long warned of the perils of unfettered AI development. He once said artificial intelligence is “far more dangerous” than nuclear warheads.
His words have more gravity today, as the rise of ChatGPT threatens to upend the job market with more advanced, human-like writing.
Musk left OpenAI’s board in 2018 and no longer holds a stake in the company.
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