The CEO of Tesla Motors (NASDAQ:TSLA) Warns Against Artificial Intelligence

The chief executive of Tesla Motors Inc (NASDAQ:TSLA), Elon Musk, is of the view that the biggest threat to mankind is the encapsulation of artificial intelligence. Elon Mush addressed a conference at MIT on Friday, October 24, 2014 in Centennial Symposium that is located in Aeronautics department. It is important to note here that Elon is not only the CEO of Tesla but he is also the one who founded SpaceX. The address lasted for an hour whereby Elon tried to convince the international body that artificial intelligence is not only foolish but it is also one of the biggest threats to mankind.

It is pertinent to note here that Elon did not mention any particular threat during his speech; rather he kept the address somewhat general to make his point. According to him, inventions and progress in the artificial intelligence arena is nothing but a beckoning of evil.

Artificial intelligence involves the use of machinery and computers to do the tasks that would otherwise need a person’s presence. It can be used in many different sectors of the market and for many different tasks, specifically speech, language translation and recognition. Many giant conglomerates are excited about the technology with the view that it can increase productivity by many folds if used correctly and efficiently. Among these giants, some of the prominent names are Facebook (NASDAQ:FB) and Google (NASDAQ:GOOG). These companies are looking forward to AI with the intention of making use of it in their networking departments.

The CEO of Tesla (NASDAQ:TSLA) was reported to have tweeted in August, saying that artificial intelligence is even more threatening than nukes.

A report released by The Washington Post disclosed that Elon was so indulged in the talk and thoughts about artificial intelligence that he even missed a question from the audience and had to ask the person to repeat it.

On the other hand, Google (NASDAQ:GOOG) is ready to make use of AI. The company bought a startup firm named DeepMind back in January 2014. Note that DeepMind is an artificial intelligence firm that has been founded by a 37 year old computer programmer. The London office of the company admitted that the deal has been sealed; however, the company denied a payment of $500 million for the startup.

Where some people are welcoming artificial intelligence, others are worried about the human race. According to an Oxford Professor, Stuart Armstrong, artificial intelligence is likely to cause unemployment, for the machinery will be used in place of manpower. The professor was also concerned about human privacy if the computers are used for human faces’ recognition.

Comments coming from Elon Musk cannot be discarded, especially because of his strong position in the tech market.

Coming to the stocks of Tesla Motors (NASDAQ:TSLA), the company, on the last trading day, October 27, 2014, started its stocks at a price of $234.25 and closed at a price of $221.67, after hitting the highest figures of $234.61. The company has a market capitalization of $29.32 billion.