Renowned tech entrepreneur Elon Musk has recently claimed that Artificial Intelligence could overtake humans by 2025. Musk, the man behind electric car manufacturer Tesla and SpaceX discussed these predictions in an interview with The New York Times, claiming thatthe current trends within this area suggest the innovative technology of AI could very well overtake humans in just 5 years’ time.

Whilst this prediction is certainly shocking, it is far from a new topic for Musk, the billionaire engineer having previously warned about the threats posed by advancements in AI consistently throughout the last few years.

However, in spite of his claims, the entrepreneur still considers this issue to not be fully understood. Reported by the Independent, Musk states:

“My assessment about why AI is overlooked by very smart people is that very smart people do not think a computer can ever be as smart as they are. And this is hubris and obviously false,”

"We’re headed toward a situation where AI is vastly smarter than humans and I think that time frame is less than five years from now. But that doesn’t mean that everything goes to hell in five years. It just means that things get unstable or weird."

During the year 2016, Musk famously stated that human beings could potentially end up being treated as house pets by the very AI they worked to create. This is, of course, unless acted upon. Musk suggested that in order to prevent this from happening, technology would have to be developed that connects computers to the human brain.

After making this remark Musk then went on to announce his Neuralink venture – set to create a brain chip that would level the playing field between human beings and AI. It has also been claimed that Neuralink would help to control people’s moods, cure brain diseases, and enable users to listen to music directly through the chips.

The Industry’s Response

This prediction that AI will overtake humans by 2025 contrasts considerably to previous estimations, where the technological singularity - the point where human intelligence will be surpassed by machine intelligence, accelerating incomprehensibly – was thought by others to be much further in the future. The futurist Ray Kurzweil, for example, has previously marked this tipping point to be near the period of 2045.

Despite their contrasting predictions, both Kurzweil and Musk have pledged their support, amongst other prominent figures in AI, pushing for strict guidelines to be placed on advanced AI developments.

The Future of Life Institute (FLI) published an open letter in 2017, detailing the principles that have been deemed necessary in avoiding AI advancements getting out of control. The FLI claim:

“Artificial intelligence has already provided beneficial tools that are used every day by people around the world. Its continued development, guided by the following principles, will offer amazing opportunities to help and empower people in the decades and centuries ahead.”

"We hope that these principles will provide material for vigorous discussion and also aspirational goals for how the power of AI can be used to improve everyone's lives in coming years".

Filter by
Reset
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
No items found.
Optalitix are Insurance Times Awards Gold Winner - Release

Optalitix are Insurance Times Awards Gold Winner - Release

Optalitix wins the Gold award for Excellence in Technology – Service Provider (General) category at the 2021 prestigious Insurance Times Awards. Read more here.

Underwriting
Insurance

The role of an underwriter should not be underestimated

The multi-faceted contribution an underwriter makes to any insurance business transcends simply assessing risk. Read more about underwriting and the impact of it.

Insurance
Changes to FCA Insurance Pricing

Changes to FCA Insurance Pricing

New rules from 2022 ensure customers who are renewing their insurance policies receive a quote no more than they would be quoted as a new customer. Read more.

No items found.
The future of systems with embedded Excel models

The future of systems with embedded Excel models

The ease with which Excel models can now be converted and the number available requires a new age of system design. Find out more in this guide.

Insurance
Convert pricing models using an Excel converter.

Convert pricing models using an Excel converter.

Optalitix have determined that using Excel converters to convert pricing models is the most efficient and effective method. Take a look at the features and more.

No items found.
Converting Spreadsheets - The 3 Options

Converting Spreadsheets - The 3 Options

At Optalitix, we are able to convert spreadsheets in 3 ways: by recoding the system, using an existing commercial platform, or using an Excel converter.

Insurance
Spreadsheet models need to go digital

Spreadsheet models need to go digital

Spreadsheets should move to cloud-based systems in order to benefit from rich features such as dashboards, databases and seamlessly integrated AI and automation.

No items found.
Spreadsheet dependancy and pricing

Spreadsheet dependancy and pricing

Spreadsheets are frequently used for pricing due to their ability to build complex calculations quickly in a flexible coding environment. Read our guide now.

No items found.
Optalitix powered United Trust Bank’s step into the future with instant mortgage decisioning

Optalitix powered United Trust Bank’s step into the future with instant mortgage decisioning

The mortgage market is always changing. Few banks are able to offer an instant decision on a mortgage, yet the United Trust Bank (UTB) is one of them. Read more.

No items found.
Five reasons why pricing in the cloud will increase sales

Five reasons why pricing in the cloud will increase sales

Cloud based pricing ensures that everything from conversion to compliance is streamlined, efficient and controlled ultimately leading to increased sales.

No items found.
Spreadsheet Sense Check

Spreadsheet Sense Check

As business strategy evolves and growth is more dependent on cloud based tools like AI, machine learning and data, the value of spreadsheets might be affected.

No items found.

Big Data Processing for Multiple Insurers

The insurance sector is data rich and decisions are made quickly using real time data. Find out how GoCompare embraced AI to add value to their partner offering.

Insurance
Learn about Lloyd’s Lab – an influential insurtech accelerator

Learn about Lloyd’s Lab – an influential insurtech accelerator

Membership in Lloyd's Lab allowed Optalitix to scale up and develop innovative ideas in collaboration with the world's largest insurance market. Learn more now.

No items found.
Learn about Mass Challenge – a US based start-up accelerator

Learn about Mass Challenge – a US based start-up accelerator

No items found.

A Year of Challenges and Opportunities