December 14, 2015

Tech Moguls Team Up to Build $1 Billion Artificial-Intelligence Nonprofit

Some of the biggest names in Silicon Valley announced a joint project Friday to establish a research center to develop "digital intelligence" that benefits humankind, report The New York Times. Tesla Motors chief Elon Musk, venture capitalist Peter Thiel, and LinkedIn co-founder Reid Hoffman are among the entrepreneurs, investors, and philanthropists who say they will collectively commit $1 billion to building the nonprofit, San Francisco-based center, to be called OpenAI.

Mr. Musk is using artificial intelligence-based technologies in some of the auto company's products but has publicly aired his fears that intelligent machines could pose a threat to humans. In January he donated $10 million to the Future of Life Institute, another nonprofit working on safe artificial intelligence. He said the new effort arose from discussions among tech moguls on how they could best contribute to "developing A.I. in a way that is safe and is beneficial to humanity."