AI is ‘magic genie’ that could bring ‘universal high income’, says Elon Musk

‘Be careful what you wish for’: Elon Musk warns about power of artificial intelligence.Rishi Sunak

Transcript

00:00 you know, where we have for the first time,

00:01 we will have for the first time something

00:03 that is smarter than the smartest human.

00:05 And that, I mean, it's hard to say exactly

00:10 what that moment is, but there will come a point

00:13 where no job is needed.

00:16 And I do think overall that the potential

00:18 is there for artificial intelligence, AI,

00:21 to have most likely a positive effect

00:26 and to create a future of abundance

00:30 where there is no scarcity of goods and services.

00:32 But it is somewhat of the magic genie problem,

00:37 where if you have a magic genie

00:38 that can grant all the wishes,

00:41 usually those stories don't end well.

00:43 (laughing)

00:45 Be careful what you wish for, including wishes.

00:48 (laughing)