Join our Waitlist for Expert Advice!

Elon Musk Is Glad People Are 'Taking AI Seriously,' Warns of a 'Magic Genie Problem' "AI will be a force for good most likely," Musk said. "But the probability of it going bad is not zero percent."

By Madeline Garfinkle

Key Takeaways

  • Elon Musk said AI is one of the most "disruptive forces in history" at the inaugural AI Safety Summit on Thursday.
  • Tesla's CEO compared it to a "magic genie" that can grant all wishes.

Opinions expressed by Entrepreneur contributors are their own.

Elon Musk hasn't been shy about his opinions on AI — he's one of thousands of tech magnates and industry executives who signed an open letter in March calling for a six-month pause on AI development, warning of the "profound risks to society and humanity."

However, no such pause happened. Now, Musk's outlook appears to be more optimistic.

During a conversation with British Prime Minister Rishi Sunak at the UK's inaugural AI Safety Summit on Thursday, Elon Musk emphasized the immense impact of artificial intelligence, labeling it as one of the "most disruptive forces in history," CNN reported.

During the conversation, Musk said that he is "glad to see" that people are "taking AI seriously" and delved into predictions about the technology, many of which he admitted are "fairly utopian," such as envisioning a future where AI allows for an "age of abundance" with "no shortage of goods and services."

Also, no jobs.

"You can have a job if you wanted to have a job for personal satisfaction," Musk said, per CNBC. "But the AI would be able to do everything."

Still, he didn't ignore AI's potential for harm, which has also been orbiting the AI conversation across the globe. In May, the nonprofit Center for AI Safety issued a statement that AI should be a global priority alongside other risks of scale "such as pandemics and nuclear war." Last week, the White House issued an executive order outlining crucial regulations and rules regarding AI, aiming to set standards for safety, security, and privacy as it pertains to the technology.

"AI will be a force for good most likely," Musk said. "But the probability of it going bad is not zero percent."

Related: Elon Musk Is Reportedly Recruiting a Team to Build a Less 'Woke' ChatGPT Rival

Musk also compared AI's potential to a "magic genie problem."

"Where if you have a magic genie that can grant all the wishes, usually those stories don't end well," the tech CEO said. "One of the challenges in the future will be how do we find meaning in life if you have a magic genie that can do everything you want."

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Data & Recovery

Protect Your Business Data Without Sacrificing Privacy With Koofr Cloud Storage on Sale

Get 1TB of lifetime storage for your business with no recurring fees or data tracking.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Thought Leaders

These 3 Trends Will Change What It Means to Be an Entrepreneur in 2025

Here are three entrepreneurship trends from the new Global Entrepreneurship Monitor report that are changing the landscape for the future.

Social Media

Stop Chasing Algorithms — Here's How Creators Can Take Control of Their Content and Monetize on Their Own Terms

Social media platforms promise creators visibility, but the real challenge lies in relying on algorithms for income.

Side Hustle

I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How

Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.