E-Business
Musk Makes Terrifying AI Prediction, Warns Parent about Dangers to Children
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Elon Musk, founder, chairman, CEO, and CTO of SpaceX, has made a terrifying prediction about artificial intelligence (AI) and warned parents about how the technology is harming children.
![Musk Makes Terrifying AI Prediction, Warns Parent about Dangers to Children](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/04/Elon-Musk.jpg?resize=570%2C232&ssl=1)
Elon Musk, founder, chairman, CEO, and CTO of SpaceX,
Musk, 52, spoke at a tech conference on Thursday about the future of AI, and cautioned the audience that it will take over most of their jobs.
Speaking remotely via webcam at VivaTech 2024 in Paris, the tech billionaire said ‘probably none of us will have a job’ when discussing how AI will develop and grow.
‘If you want to do a job that’s kinda like a hobby, you can do a job,’ Musk said. ‘But otherwise, AI and the robots will provide any goods and services that you want.’
Musk explained that, for this scenario to work, there has to be ‘universal high income’.
Universal high income (UHI) is a concept that envisions a society where AI reduces the cost of human labor – which would make basic needs affordable for everyone.
This concept is not to be confused with universal basic income, which refers to the government giving a certain amount of money to everyone no matter what their income is.
‘There would be no shortage of goods or services,’ Musk said, describing the future of AI.
Artificial intelligence has progressed rapidly over the past few years, leaving researchers and regulators scrambling to keep up.
However, researchers at MIT’s Computer Science and Artificial Intelligence Lab found in January that workplaces are adopting AI far slower than experts had predicted and feared.
Experts do not believe that AI can take over certain jobs that require high levels of emotional intelligence – such as mental health professionals, teachers and creatives, according to CNN.
Despite being sure of AI’s role in our future, Musk described the technology as his biggest fear and has been outspoken regarding his concerns.
The Space X CEO added at the conference that he plans to put people on Mars ‘probably within 10 years, maybe seven to eight’ – but said while his ‘biggest hope is Mars – my biggest fear is AI.’
Musk referenced the ‘Culture Book Series’ by Ian Banks, which is a utopian fictionalized look at a society run by advanced technology – which he says is the most realistic and ‘the best envisioning of a future AI.’
He questioned whether humans would be fulfilled with a life without jobs and careers.
‘The question will really be one of meaning – if the computer and robots can do everything better than you, does your life have meaning?’ he said. ‘I do think there’s perhaps still a role for humans in this – in that we may give AI meaning.’
Musk also issued a warning to parents about allowing their children to use technology.
The billionaire told parents to limit the amount of time their kids spend on social media because ‘they’re being programmed by a dopamine-maximizing AI.’
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
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Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.
![Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg?resize=573%2C254&ssl=1)
Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
E-Business
OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk
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Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.
![OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/04/Elon-Musk.jpg?resize=563%2C229&ssl=1)
Elon Musk
Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.
Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.
In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.
Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.
Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.
Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.
Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.
Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.
Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.
Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.
E-Business
Adobe Launches AI Video Tool to Compete with OpenAI
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Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.
Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.
To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.
Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.
Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.
Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.
“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.
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