🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Elon Musk Prefers Artificial Intelligence Over Cryptocurrency

Published 03/04/2023, 05:37 AM
Updated 03/04/2023, 06:00 AM
Elon Musk Prefers Artificial Intelligence Over Cryptocurrency

  • Elon Musk declared his preference for AI over cryptocurrency.
  • The Twitter CEO previously talked about the necessity of regulations on AI.
  • The risks of advancing AI have also been discussed by Musk.

The business magnate Elon Musk, the owner and CEO of the social network platform Twitter, recently announced his preference for Artificial Intelligence (AI) over cryptocurrencies.

On March 3, Musk shared a Twitter thread on his official page declaring “I used to be in crypto, but now I got interested in AI”:

In recent days, Musk, after a detailed discussion on AI, shared his concerns and anxieties about its “great danger”, pointing out that “AI stresses me [him] out”. He said:

“It’s both positive or negative and has great promise, great capability. But, he stressed that “with that comes great danger.

According to Musk, the advancement of AI is a matter of greatest concern, as it is “one of the biggest risks to the future of civilization”, for which he suggested the necessity of regulation:

I think we need to regulate AI safety, frankly. It is, I think, actually a bigger risk to society than cars or planes or medicine.

In addition, he commented that though the regulation of AI might result in its “slow” establishment, it would have a more positive impact in reducing the risks of AI.

Furthermore, Musk shared his views on “how advanced AI has become”, claiming that it is accessible to most people as it doesn’t have a user interface.

Responding to Musk’s tweets, the Twitter community raised various concerns and doubts regarding the fast growth of AI. The blockchain architect Jagdeep Sidhu checked with Musk about the ways in which AI could be made responsible, efficient, and fast.

Interestingly, many tweeters shared their perspectives on both crypto and AI, questioning Musk why he wouldn’t go for both, instead of prioritizing AI.

The post Elon Musk Prefers Artificial Intelligence Over Cryptocurrency appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.