OpenAI gets funding of $1billion

Earlier we heard Elon musk saying “artificial intelligence potentially more dangerous than nukes”. For now things are not the same, Elon Musk announced the formation of OpenAI (OpenAI is a non-profit artificial intelligence group).
OpenAI succeeded in pledging $1 billion. The fund is to support the non-profit firm that plans to focus on the “positive human impact” of artificial intelligence.
Backers of the OpenAI research group include Tesla and SpaceX entrepreneur Elon Musk, Y Combinator’s Sam Altman, LinkedIn co-founder Reid Hoffman, and PayPal cofounder Peter Thiel.
“It’s hard to fathom how much human-level AI could benefit society, and it’s equally hard to imagine how much it could damage society if built or used incorrectly,” as posted on OpenAI website.
It further adds “Our goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return,”
The OpenAI funders “have committed $1 billion, although we expect to only spend a tiny fraction of this in the next few years.”
It has been seen surge in research in Artificial intelligence. Many tech giants and entrepreneurs are investing in AI.

It is also worth noting that many eminent scientists like Stephen Hawking have warned AI as serious threat to humanity. Earlier this year we saw them singing an open letter to artificial intelligence. Signatories include physicist Stephen Hawking, business magnate Elon Musk, the co-founders of DeepMind, Vicarious, Google’s director of research Peter Norvig, Professor Stuart J. Russell of the University of California Berkeley, and other AI experts, robot makers, programmers, and ethicists. The original signatory count was over 150 people, including academics from Cambridge, Oxford, Stanford, Harvard, and MIT.

As of now Elon musk forming OpenAI is unfathomable. As Musk himself had publicly expressed concern over the risks that artificial intelligence could pose to humanity if mismanaged, such as the potential emergence of “Terminator”-type killer robots.

“We believe AI should be an extension of individual human wills and, in the spirit of liberty, as broadly and evenly distributed as is possible safely,” Ilya Sutskever.

Let see what comes out of OpenAI.