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Elon Musk and AI

Elon Musk on Artificial Intelligence (AI)

Why leaving artificial intelligence unregulated may have some dire outcomes for mankind.By Kevin Hua, Co-founder and CIO at Elevate Super

Artificial Intelligence is referred to as intelligence demonstrated by machines, in contrast to natural intelligence. The term artificial intelligence is applied when a machine mimics cognitive functions that humans associate with their own minds, such as problem solving and learning.

How AI is used in cybersecurity

Artificial Intelligence (AI) systems are trained by consuming billions of data artifacts from both structured and unstructured sources, such as blogs and news stories. Through machine learning and deep learning techniques, AI can improve its knowledge to “understand” cybersecurity threats and cyber risk.

Elon Musk and AI

So, to make the admissions process easier, our admission team runs a number of orientation sessions to make certain that the new intakes are all set to start their learning journey with PTG.

How AI is used in cybersecurity

Musk, who stars in and promoted the documentary Do you Trust This Computer? talks about a dystopian future many of us couldn’t begin to imagine.

Musk’s role in the recently released documentary involves looking at the growing public and safety concerns of artificial intelligence. He also paid for the film to be streamed for free in the week of release so everyone could get AI proficient.

He has previously said that an immortal, robot-like dictator could rise from scientific research if strict regulations are not put in place on time. This so-called dictator would have the power to rule mankind forever.

“At least when there’s an evil dictator, that human is going to die. But for an AI, there will be no death – it would live forever. And then you would have an immortal dictator from which we could never escape”. 

Musk has always been a critic of artificial intelligence and asked for harsher regulations to curb the technology.

Back in 2014, Musk said artificial intelligence was humanity’s biggest existential threat, later adding that the United Nations needed to act to prevent a killer robot arms race.

In 2015, he joined other experts including the late Stephen Hawking in urging the United Nations to ban killer robots.

Musk has butted heads with Facebook CEO Mark Zuckerberg, an avid AI advocate.

Musk said:
“I’ve talked to Mark about this (AI). His understanding of the subject is limited”.

Zuckerberg replied:
“I think people who are naysayers and try to drum up these doomsday scenarios – I just, I don’t understand it. It’s really negative and in some ways, I actually think it is pretty irresponsible”.

Elon Musk and AI

Is it all doom and gloom?

We don’t like to think so. AI and machine learning is already helping industries become more efficient, enabling more sound decision making. There’s a plethora of evidence to support this worldwide where AI has:

  • Reduced electricity usage in Google’s data centres.
  • Helped doctors better diagnose diseases and tailor medical treatment.
  • Allowed Australian biomedical engineer to create a thought-controlled wheelchair.

Used in the right way, AI can have a positive impact for billions around the globe.

Elon Musk and AI

What is our outlook on the future of AI

We believe AI will continue to advance. It has a tremendous potential to continue propelling human progress across vast areas of knowledge and practical applications.

Whether it will be developed to the extent Elon Musk fears, is a question of ethics and regulation which should be carefully considered by all.

From an investment perspective, the AtlasTrend Big Data Big Fund is well positioned for the expected growth in AI. The fund invests in the infrastructure that enables AI (data centres), the technology companies developing AI (IBM’s Watson) and or simply using it to help deliver a better service to their customers.

About Elevate Super

Elevate Super is a retail super fund, powered by successful fintech AtlasTrend. AtlasTrend was created in 2015 to build a new investment service to help our customers learn and invest with purpose in long term world trends. At Elevate Super, we believe you shouldn’t have to give up competitive financial returns to do good.

We assess and measure investments based on their long-term growth fundamentals plus positive contribution to the UN Sustainable Development Goals (SDGs) – a global blueprint for balancing our economic, social and environmental needs.

Important notice:
AtlasTrend Pty Ltd (ABN 83 605 565 491) is the promoter of Elevate Super and an AFSL Corporate Authorised Representative (No. 001233660) of Fundhost Limited (AFSL 233045) and Arrow Securities Group Pty Ltd (AFSL 448218) (Arrow). This communication contains general advice only and does not take into consideration your personal objectives, financial situation or needs. None of the information provided is, or should be considered to be, personal financial advice. The information provided in this communication is believed to be accurate at the time of writing. None of AtlasTrend, Equity Trustees Superannuation Limited, Arrow or their related entities nor their respective officers and agents accept responsibility for any inaccuracy in, or any actions taken in reliance upon the general advice provided. A copy of AtlasTrend’s financial services guide can be found at www.atlastrend.com/fsg.

This communication is not an offer to invest in Elevate Super. Before deciding on Elevate Super, you should read the Product Disclosure Statement available at www.elevatesuper.com.au/pds or by calling Elevate Super on 1800 875 148 and seek professional financial advice to consider if Elevate Super is appropriate for you. Elevate Super is a sub plan of the Aracon Superannuation Fund. Elevate Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757, AFS Licence No. 229757, RSE Licence No. L0001458) as Trustee of the Aracon Superannuation Fund (ABN 40 586 548 205).

Any managed investment fund product (Fund) mentioned in this communication is offered via a Product Disclosure Statement (PDS) which contains all the details of the offer. The PDS is issued by Fundhost as responsible entity for the Funds. Before making any decision to make or hold any investment in a Fund you should consider the PDS in full. The PDS is available at www.atlastrend.com/pds or by calling AtlasTrend on 1800 589 778.

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