Elon Musk has been very vocal about the rapid development of Artificial Intelligence (AI).
Tesla chief executive Elon Musk has warned a bipartisan gathering of US governors that government regulation of artificial intelligence is needed because it poses a "fundamental risk to the existence of human civilization
Musk claims that AI will eventually do everything better than us. As a result, AI will do everything for us and may even do the thinking for us. At that point, despite being programmed to advance humanity, AI may function in ways that pose harms to society. Some may argue that as long as we program AI correctly, it will serve our purpose. However, with the development of machine learning and deep learning, Musk claims we are gradually giving more power to AI. Furthermore, humans are prone to errors which will almost guarantee AI's malfunction. In order to prevent that reality from happening, Musk is urging governments to adopt regulation to keep AI's advancement in check.
I'm not sure if this is a good idea (or a good time) to introduce red tape to an industry which is contributing so much to our living standard. Whatever threat that may happen in the future, I think it will be a really far future (when we will probably run out of oil already). The current rapid growth in AI technology is significantly improving our living standards. It may even increase the feasibility of a basic income sooner. Isn't it better that machine will do most of the work while we will worry less about making ends meet and get to do what we are really passionate about?
I opt for free AI development at this stage. Admittedly, we will keep an eye on its evolvement for future regulatory consideration.