Controversy of the day: Artificial intelligence (AI)
Some of the world’s most powerful people have just signed an open letter addressing the dangers of artificial intelligence. Mischa Frankl-Duval looks at what's got them worried.
What happened?
The letter published by the MIT-affiliated Future of Life Institute (FLI) urges "important and timely research on how to make AI systems robust and beneficial". It was signed by leading figures in technology and academia, including theoretical physicist Stephen Hawking, and entrepreneur Elon Musk, founder of SpaceX and Tesla Motors.
"As capabilities cross the threshold from laboratory research to economically valuable technologies", the letter noted, "even small improvements in performance are worth large sums of money, prompting greater investments in research.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Because of the great potential of AI, it is important to research how to reap its benefits while avoiding potential pitfalls."
So what's at stake?
told the Guardian
Co-signatory Musk seems to be of the same view. Yesterday he retweeted this rather ominous message:
"First question asked of AI; Is there a god?' First AI answer; There is now'."
So, are we doomed?
For Ray Kurzweil, director of engineering at Google, the benefits of AI outweigh its dangers:
"AI today is advancing the diagnosis of disease, finding cures, developing renewable clean energy, helping the disabled" he said, in an interview with Time. "We have the opportunity in the decades ahead to make major strides in addressing the grand challenges of humanity."
"We have a moral imperative to realize this promise while controlling the peril. It won't be the first time we've succeeded in doing this."
Mischa graduated from New College, Oxford in 2014 with a BA in English Language and Literature. He joined MoneyWeek as an editor in 2014, and has worked on many of MoneyWeek’s financial newsletters. He also writes for MoneyWeek magazine and MoneyWeek.com.
-
Adidas, Nike or Jordans - could collectable trainers make you rich?
The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
By Chris Carter Published
-
Early bird ISA investors flock to global funds, India and the US
There’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
By Vaishali Varu Published