Metaverse
AI will put an end to ‘work’, Elon Musk tells Rishi Sunak – Crypto News
Tesla, SpaceX, and X (formerly Twitter) chief Elon Musk, during a conversation with UK Prime Minister Rishi Sunak at an AI summit in London, made a prediction that artificial intelligence (AI) could render traditional paid work obsolete, the BBC reported. The 50-minute interview covered various aspects of AI, including the potential for humanoid robots capable of chasing “you anywhere”.
Musk and Sunak acknowledged London’s prominence as a hub for the AI industry and discussed how AI could revolutionise education.
Also Read: Elon Musk’s xAI to launch first AI model, says ‘best that currently exists’
However, despite their optimism, concerns about the risks posed by AI on employment and the need for regulation were also raised. The warnings about disruption brought by AI and potential job losses were particularly stark, the report said.
AI to alter jobs?
Musk noted that AI’s disruptive nature would affect traditional jobs as we know them. He further speculated that as AI continues to evolve, a shift in the jobs landscape could raise questions about how individuals find meaning in life when work is no longer a necessity, it said.
“We are seeing the most disruptive force in history here. There will come a point where no job is needed – you can have a job if you want one for personal satisfaction but AI will do everything. It’s both good and bad – one of the challenges in the future will be how do we find meaning in life?” Musk speculated.
AI and Humanoid Robots
On AI, Musk was gung-ho about the possibilities. Adding: “One of my sons has trouble making friends and an AI friend would be great for him.” He also noted that in the learning space, AI could be “the best and most patient tutor”.
However, Musk expressed concerns about the safety of humanoid robots, emphasising their potential to pose risks, the BBC report added. “There is a safety concern, especially with humanoid robots – at least a car can’t chase you into a building or up a tree,” he said.
The billionaire also acknowledged the need for regulatory oversight to monitor the development and use of AI technologies in the future. He noted that Tesla has incorporated AI in their autonomous vehicles while voicing apprehensions about the safety aspect of AI.
Also Read: UK to set up world’s first AI safety institute; only governments can tackle risks, says Rishi Sunak
No new announcements
Sunak and Musk’s conversation did not culminate in any significant new announcements about how the UK plans to employ and regulate AI, except for the prime minister’s mention of using AI to enhance the government’s website.
The conversation took place in front of a select audience from the tech industry in central London’s Lancaster House. TV cameras were not allowed, and reporters present were not permitted to ask questions.
Some trouble
Sunak, in an interview with POLITICO, had defended his choice to involve Musk, given the latter’s long-standing emphasis on the need for AI regulation. The British PM has argued that Musk’s dual perspective on AI’s risks and benefits adds valuable insight to the conversation, leveraging Musk’s extensive experience in the AI sector.
Earlier in the day, Musk took to X to post criticism of world leaders on their outlook towards AI, leading many to speculate he would skip the meet with Sunak. But the event went through.
The tech mogul had posted a cartoon showing caricatures of China, the European Union, the UK, and the US speaking “We declare that AI poses a potentially catastrophic risk to humankind”, as opposed to thinking “And I cannot wait to develop it first”.
Milestone Alert!Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
Download The Mint News App to get Daily Market Updates.
Updated: 04 Nov 2023, 08:06 AM IST
-
Blockchain1 week agoThis Week in Stablecoins: TradFi Wants Blockchain – Crypto News
-
Technology1 week agoAmazon Exec Predicts Commercial Quantum Computers in 2031 – Crypto News
-
Technology7 days agoTech Layoffs Hit 2-Year High as Companies Embrace AI – Crypto News
-
Blockchain1 week agoBrazilian Securities Watchdog Takes Closer Look at Tokenization – Crypto News
-
Blockchain1 week agoBrazilian Securities Watchdog Takes Closer Look at Tokenization – Crypto News
-
Blockchain1 week agoWall Street Giants Mobilize Tokenized Assets – Crypto News
-
Blockchain1 week ago
SEC And CFTC Open Joint Consultation On Crypto Derivatives Rules – Crypto News
-
Technology1 week agoMeta Plans Cloud Business to Take on Big Tech Rivals – Crypto News
-
Technology1 week agoTelecom’s 5G Hangover Mirrors CFO Modernization Fatigue – Crypto News
-
Cryptocurrency7 days agoGalaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives – Crypto News
-
Blockchain1 week agoSEC Approves Higher IBIT Options Limits As Bitcoin ETF Market Matures – Crypto News
-
Technology1 week ago
Pi Network Price Prediction: Can Pi Coin Extend Its Rally Before July Ends? – Crypto News
-
Technology1 week agoInstagram, Facebook down? Thousands of users report mass outage; netizens say ‘no posts coming up on feed after refresh’ – Crypto News
-
Blockchain1 week agoBNB Chain RWA TVL Hits $5.2B As Tokenized Assets Move Beyond Ethereum – Crypto News
-
Cryptocurrency1 week agoThe $1.2 billion options wall came down, and this time Bitcoin actually moved – Crypto News
-
Business1 week agoUber Cuts 23% of Roles in HR-Focused ‘People’ Division – Crypto News
-
Blockchain1 week ago
SEC And CFTC Open Joint Consultation On Crypto Derivatives Rules – Crypto News
-
Cryptocurrency7 days agoGalaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives – Crypto News
-
others1 week agoAverage Illinois Resident Carried $54,100 in Household Debt Last Year – Crypto News
-
Technology1 week ago
Top 3 Altcoins That Could Benefit Most if the CLARITY Act Passes – Crypto News
-
Technology1 week agoUS allows federal employees to download TikTok on official devices – Crypto News
-
Blockchain1 week agoTalos Adds Kalshi Trading as Prediction Markets Surge – Crypto News
-
De-fi7 days agoMorpho Launches Fixed-Rate Lending Protocol Midnight on Base – Crypto News
-
Blockchain5 days agoMorgan Stanley Advances Blockchain Infrastructure Goal – Crypto News
-
Blockchain1 week agoStrategy’s Michael Saylor Pounds Away at “Bad Idea” BIP-110 – Crypto News
-
De-fi1 week agoMetaMask code was open to a North Korea-linked contractor for a month before Consensys halted releases – Crypto News
-
Cryptocurrency1 week agoGrayscale is setting up a quarterly cash showdown between Ethereum and Solana staking – Crypto News
-
Blockchain1 week agoSui Launches Gas-Free Stablecoin Transfers At Protocol Level – Crypto News
-
Blockchain1 week agoDemocrats Added Certain Consumer Protection Rules to CLARITY: Coinbase Exec – Crypto News
-
Blockchain1 week agoBrazilian Securities Watchdog Takes Closer Look at Tokenization – Crypto News
-
Blockchain1 week ago
CFTC Self-Reporting Guidelines Could Change Crypto Enforcement Incentives – Crypto News
-
Cryptocurrency7 days agoOpenAI’s model breach is not the singularity, but dismissing it as hype is dangerous – Crypto News
-
Cryptocurrency7 days agoOpenAI’s model breach is not the singularity, but dismissing it as hype is dangerous – Crypto News
-
Blockchain7 days agoRegulators Hear Arguments on Tokenized Stock Ownership – Crypto News
-
De-fi1 week agoOndo Finance Partners With SBI to Tokenize Japanese Assets – Crypto News
-
others1 week agoFraudsters Using FaceTime Bank Scam To Steal Passwords in Real Time, Warns McAfee – Crypto News
-
De-fi1 week agoCoinbase’s Jesse Pollak Hands Base App to Cobie, Says Social Bet Was ‘Definitively Wrong’ – Crypto News
-
Cryptocurrency1 week agoBitcoin sellers are tiring but weak demand leaves an 18% fall to $52,900 in play – Crypto News
-
Cryptocurrency1 week agoXRP’s $1.18 breakout line draws a $300 million surge in leveraged bets – Crypto News
-
Technology1 week agoMeta to alert parents if teens show signs of distress while chatting with its AI – Crypto News
-
Business1 week ago
Movement Labs Files for Bankruptcy Following MOVE Ecosystem Restructuring – Crypto News
-
Cryptocurrency1 week agoSenator Lummis says with CLARITY “your crypto stays yours” – Crypto News
-
Cryptocurrency1 week agoWinklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bid – Crypto News
-
Blockchain1 week agoWhy a Slice of a Dubai Apartment Is the Biggest Tokenization Story – Crypto News
-
Technology1 week agoAnalysis-AI investment boom puts Big Techs free cash flow under pressure – Crypto News
-
others7 days ago
Breaking: White House Alleges China’s Moonshot AI Secretly Copied Anthropic Fable For K3 AI – Crypto News
-
Business7 days agoCorporate Card Startup Parker Folds After Failed Acquisition – Crypto News
-
Blockchain5 days agoNew York Life Investment Management Bets on Tokenization – Crypto News
-
others1 week ago
Cardano Price Outlook After Major Hard Fork Goes Live: Will ADA Rally to $0.2? – Crypto News
-
others1 week agoUS Corporate Insiders Sell Record $77,600,000,000 in Stock During First Half of 2026 – Crypto News
