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December 13, 2015 AT 5:30 am

Elon Musk, Peter Thiel and Reid Hoffman (among others) commit $1 Billion to AI research #OpenAI @open_ai

Artificial Intelligence Research Center Is Founded by Silicon Valley Investors The New York Times

A group of prominent Silicon Valley investors plan to commit $1 Billion to an AI project called Open AI, Via NYTimes

Its long-range goal will be to create an “artificial general intelligence,” a machine capable of performing any intellectual task that a human being can, according to Mr. Musk. He also stressed that the focus was on building technologies that augment rather than replace humans.

Mr. Musk, who is deploying A.I.-based technologies in some of his products like the Tesla automobile, said that he has had longstanding concerns about the possibility that artificial intelligence could be used to create machines that might turn on humanity.

He began discussing the issue this year with Mr. Hoffman, Mr. Thiel and Sam Altman, president of the Y Combinator investment group.

“We discussed what is the best thing we can do to ensure the future is good?” he said. “We could sit on the sidelines or we can encourage regulatory oversight, or we could participate with the right structure with people who care deeply about developing A.I. in a way that is safe and is beneficial to humanity.”

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