What Elon Musk and Jamie Dimon’s AI predictions mean for the future of humanity
Elon Musk and Jamie Dimon say artificial intelligence will be smarter than humans and transform society. The question now is whether the prognostications of one of the world’s richest people and the head of the nation’s largest bank will come to fruition, or turn out to be overstated. In remarks this week, both Musk and Dimon joined a chorus of business executives making bold predictions about AI’s potential for dramatic change.
“My guess is that we’ll have AI that is smarter than any one human probably around the end of next year," Musk said in an interview Monday with Nicolai Tangen, CEO of Norges Bank Investment Management, Norway’s $1.6 trillion sovereign fund and one of the largest investors in Tesla. The interview was broadcast on Musk’s social-media platform X. Musk, who is chief executive of Tesla and also runs his own AI company, said AI was the fastest-advancing technology he’s ever seen.
He predicted it will probably surpass the collective intelligence of humans in five years. Dimon, chief executive of JPMorgan Chase, told investors Monday that AI could be as transformative as some of the major technological inventions over the past several hundred years. “Think the printing press, the steam engine, electricity, computing and the Internet, among others," Dimon wrote in his annual letter to shareholders Monday.
Dimon’s letter to shareholders is highly anticipated every year and read widely in the financial-service industry. He has said AI might lead future generations to only work 3½ days a week. In his letter to shareholders, AI was the first issue facing JPMorgan that Dimon highlighted in his letter.
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