Elon Musk and other big tech names are worried that humanity will develop artificial intelligence so smart that it becomes a threat to humanity itself — think self-aware killer robots that realize their best course of action is to wipe out mankind.

Or, basically, terminators.

Musk has been raising the alarm about this possibility for a while now. At an MIT event last year, he called artificial intelligence humanity’s “biggest existential threat” and compared it to “summoning the demon.”

Musk was also one of a slew of scientists and tech leaders, including Apple co-founder Steve Wozniak and famed theoretical physicist Stephen Hawking, who signed onto a letter calling for artificial intelligence research to be aimed at creating systems that “do what we want them to do,” rather than, say, killing us all.

Even Bill Gates said in a reddit chat in January that he doesn’t “understand why some people are not concerned” about the possibility of a rogue, self-aware robot.

This anti-Skynet contingent is increasingly putting their money where their dystopian fear is. Musk and a group of other big tech names, including fellow PayPal co-founder and investor Peter Thiel as well as Amazon Web Services, just committed $1 billion to a new group called OpenAI. It’s a nonprofit company specifically aimed at responsible artificial intelligence development. “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,” a blog post announcing the venture said.

Its chief technology officer is Greg Brockman, who formerly had the same role at digital payments company Stripe. Musk and Y Combinator President Sam Altman are serving as co-chairs.

The group says researchers will be “strongly encouraged to publish their work,” and any patents it obtains will be “shared with the world.” And it doesn’t plan to burn through the $1 billion right away — it expects to “only spend a tiny fraction” of the mega-fund in the next few years.

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The Washington Post