Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Elon Musk and Rishi Sunak chat China, killer robots and the meaning of life

Published 11/02/2023, 04:09 PM
Updated 11/03/2023, 08:47 AM
© Reuters. Britain's Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS

By Alistair Smout

LONDON (Reuters) -Billionaire Elon Musk welcomed China's engagement on artificial intelligence safety and said he wanted to see Beijing aligned with Britain and the United States on the subject, speaking in London on Thursday alongside British Prime Minister Rishi Sunak.

Musk backed China's inclusion in the first AI Safety Summit, hosted at Bletchley Park, England, which has drawn leading companies and nations together to agree initial steps on how to manage the risks of cutting-edge AI models.

"If the United States and the UK and China are aligned on safety, then that's going to be a good thing, because that's where the leadership is generally," he said.

Musk, who was in May given royal-like treatment during a visit to China, welcomed that Beijing had participated in AI safety talks at the event.

"Having them here I think was essential, really. If they're not participants, it's pointless."

Sunak interviewed Musk - feted by Britain as a star guest at the two-day summit - on a small stage in a gilded room at London's Lancaster House, one of the government's most opulent venues, which is often used for diplomatic functions.

Self-confessed tech geek Sunak said he felt "privileged and excited" to host Musk and used the occasion to make a not-so-subtle investment pitch when the Tesla (NASDAQ:TSLA) and SpaceX founder said startup firms needed high rewards to take risks in the sector.

"We very much have a tax system that supports that," Sunak said.

MAGIC GENIE

The eclectic discussion took place in front of an invited audience of dozens of other business leaders, the final event in a two-day summit seen as a big step forward in harnessing AI for good by starting to think about the serious risks it may pose.

Musk and Sunak agreed on the possible need for physical "off-switches" to prevent robots from running out of control in a dangerous way, making reference to "The Terminator" film franchise and other science-fiction films.

"All these movies with the same plot fundamentally all end with the person turning it off," Sunak said, adding that the importance of physical off switches had formed part of the discussions at the summit earlier in the day.

Musk told Sunak he thought AI was "the most disruptive force in history", speculating the technology would be able to "do everything" and make employment as we know it today a thing of the past.

© Reuters. Britain's Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS

"I don't know if that makes people comfortable or uncomfortable," he said.

"It's both good and bad. One of the challenges in the future will be, how do we find meaning in life if you have a magic genie that can do everything you want?"

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.