by finfeed There are psychological reasons for popular notions of AI doom as depicted in Hollywood blockbusters, however today our focus is on asking whether these fears really have a solid basis. Entrepreneurial billionaire Elon Musk, has been very outspoken in his take on Artificial Intelligence.

He has even tweeted that we should be more afraid of AI than of nuclear conflict. Musk is looking to take a positive approach in the creation of his own artificial intelligence tools.

Glancing at his Twitter page, two of his most recent tweets were in relation to AI: a retweet (RT) about Alibaba’s AI ‘scoring better than humans in a Stanford reading test’, a fact which supports Musk’s theory that AI will overtake human capacity and take all currently existing jobs; the second another RT which stated ‘Safe #AI for all, @elonmusk’s @OpenAI is looking to expand its team & continue on its goal of creating AI that does not destroy humanity’. Then there is Stephen Hawking’s warning from several years back, telling the BBC: “The development of full artificial intelligence could spell the end of the human race.” But there are many experts in the field who disagree with both Musk’s and Hawking’s views and are not predicting a destiny reminiscent of The Terminator.

A professor of artificial intelligence at the University of NSW, Toby Walsh, conducted a survey involving 300 AI researchers to discuss the pace at which the tech may overtake human intelligence. Most of the respondents stated a belief that it would take around 50 years before that might happen.

Given what human beings have been capable of in, for example, the 50 years to now, there is a strong belief among experts that we will be properly prepared for any potential major adverse developments of intelligent machines, as far as the threat of ‘the singularity’ (the time when AI superintelligence outstrips anything humans can do alone). Dr Catriona Wallace, Founder & CEO of Flamingo AI (ASX:FGO) and expert in AI and Bot Strategy, is largely positive about the effects of AI on humans and society. Read more from finfeed.com…

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