Tech titans including Tesla's Musk and cofounders of LinkedIn, PayPal pledge US$1 billion for artificial intelligence research

Several big-name Silicon Valley figures have pledged US$1 billion to support a non-profit firm that on Friday said it would focus on the “positive human impact” of artificial intelligence.
Backers of the OpenAI research group include Tesla and SpaceX entrepreneur Elon Musk, Y Combinator’s Sam Altman, LinkedIn co-founder Reid Hoffman, and PayPal cofounder Peter Thiel.
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“It’s hard to fathom how much human-level AI could benefit society, and it’s equally hard to imagine how much it could damage society if built or used incorrectly,” read the inaugural message posted on the OpenAI website.
“Our goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return,” the statement read.
The OpenAI funders “have committed US$1 billion, although we expect to only spend a tiny fraction of this in the next few years.”