Elon Musk and tech elite plan to spend $1 billion to keep us safe from evil AI

Some of the biggest names in tech are joining forces to fund artificial intelligence research, with Elon Musk at the helm.

The Tesla CEO, who has long warned of the dangers of artificial intelligence, announced the formation of OpenAI, a nonprofit research company, in a tweet Friday afternoon. According to Open AI's introductory blog post Musk will co-chair OpenAI with Y Combinator president Sam Altman.

Musk and Hastings along with a handful of tech elite committed $1 billion so that its AI research can be conducted without a need to generate revenue. This, OpenAI believes, will support research that has a positive impact on humanity. Read more...