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Billionaire Elon Musk on Wednesday said artificial general intelligence (AGI) would be the finale event after five years in the AI space. He spoke yet again about the need for regulation and oversight of the artificial intelligence (AI) space, stating that the AGI development is the most important part of the history of humanity. Musk said goods and services will not be scarce in a positive AGI future. The Tesla CEO also spoke about China’s willingness to collaborate with international groups to work positively on AI regulation, as against the popular perception.
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He said there was a consensus around the world, including in China, on the need for AI oversight and regulation.
Drawing parallels with the regulation on nuclear technology, Musk said AI is potentially dangerous on a civilizational level, in that it should be taken careful going forward. He was speaking in a Twitter space in which United States Representative from California Ro Khanna also participated. Khanna said the Congress is going to need assistance in terms of expertise in understanding the technology.
Will US Regulation On AI Become A Hurdle?
Musk spoke about the concern that regulating AI without stifling innovation especially when China based companies may not pause to develop AI and use it for evil purposes, while the United States could lag behind in the AI game. The Tesla CEO advocated the policy of ‘insight followed by oversight’ for regulating the industry. ‘Insight and Oversight’ would be the right sequence and the government should understand this through industry groups, he recommended.
Speaking about the immense power of AI, he said governments do not want to be controlled by digital super intelligence, including China. Hence, insight for few years with consultation with the industry and then going for oversight would be the right approach.
“People don’t realize but it is difficult to understand the power of AI for the general public unless there are easy to use products like ChatGPT and Mid journey. Team Humanity should focus on avoiding digital warfare we only got one planet so far and we don’t want to lose it.”
Musk said China is “definitely interested” in working with the global regulatory framework, including with the US, to work on AI development, despite the low trust environment between China and United States.
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