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CryptocurrencyNewsOpenAI / ChatGPT / Artificial Intelligence

Elon Musk Projects AI Evolution Would Make Employment Obsolete

With the development of the artificial intelligence (AI) industry analyst projects that the advancement of these technology will lead to job displacement. The X boss, Elon Musk, has changed his mind about AI capabilities in the job market. 

At the VivaTech 2024 event in Paris, Musk predicted that AI would soon lead to unemployment. He believes that AI will replace humans in the job market. 

Elon Musk Predicts AI Would Replace Human

Having been a successful tech investor, Musk projects that AI will become a disruptive force in history. Musk ranks among the world’s wealthiest men, owning multimillion-dollar companies such as Tesla, SpaceX, Twitter, and recently launched AI project xAI.

The executive anticipates that AI developments will give rise to one of the most brilliant and innovative tools better than humans. Musk projects that the development of AI will force most industries to automate operations, replacing all human capital. 

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He stated that there will come a time when humans will no longer be needed. Musk explained that the evolution of AI will make employment an option. This implies that AI technology will be capable of executing most projects. 

Musk asked the audience, including the Prime Minister of Britain, Rishi Sunak, for his opinion on AI evolution at the event. Some audience considered Musk’s prediction a joke, while others became more uncomfortable with AI developments. 

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AI to Replace Humans at Workplace

The executive forecast that AI development will make life meaningless. Musk’s statement contradicts his earlier warning on AI adoption. He warned the public that AI developments will threaten humanity.

He described AI eveolution to develop one of the world’s most dangerous tools after nuclear weapons. Following the launch of the OpenAI chatbot ChatGPT, Musk led other tech leaders to oppose the development of artificial intelligence technologies that outpace human capability. 

Musk noted that training AI models could be train to execute most of the general tasks posing as a threat to society. On the contrary, Palantir chief executive Alex Karp issued a defensive statement urging the tech experts not to pause AI development. 

Karp told the BBC that Musk and his team opposed AI development since they had no product under development. The surge in AI adoption in most industries forced the tech mogul to change his mind.

Musk launched an AI initiative, xAI, to improve the capability of artificial intelligence technology. A few days ago, the xAI team raised $6 million from a funding round led by Lightspeed Venture Partners. 

Other participants included Tribe Capital, Andreessen Horowitz, and Sequoia Capital. The multi-million funding increased xAI value to reach $18 billion. 

Reviewing AI Development

Having been a critical contributor to the tech industry, Musk believes that xAI will outpace its top rivals, OpenAI and DeepMind, by the end of this year. He predicted that even though xAI was still in its early growth stages, the company would catch up with the key industry players in the AI sector.

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The xAI vision and his speech at the VivaTech demonstrate Musk is optumistic that AI will replace humans by next year. Musk believes that xAI and other companies will enhance AI’s capability to reach a level of intelligence.

Musk’s presentation in Paris came when tech experts and regulators attended a Bletchley Park, England summit. The Summit focused on AI developments and the risks these emerging technologies posed to humanity. 

The keynote speakers at the event warned the public about the risks associated with AI advancement. The summit noted that China and the US competed to dominate the AI sector.  


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Kimberly Crain

Kimberly Crain is a seasoned crypto trader and writer, offering valuable insights into the digital asset market. With expertise in trading strategies and a passion for blockchain technology, her concise and informative articles empower readers to navigate the evolving world of cryptocurrencies.

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