Elon Musk warns ‘singularity is near’ as personal AI can now be run locally

In the Brief:

  • Nomic AI's GPT4All makes personal AI accessible to anyone with a computer for $1,300 and 4GB of space
  • Investing in AI development-only companies has risks that traders should be cautious of
  • Elon Musk called for AI companies to pause training powerful AI systems
  • Personal AI has challenges and risks
  • Experts warn about consequences if AI surpasses human intelligence.

3 - 5 minute read

Personal artificial intelligence (AI) is now accessible to anyone with a computer, thanks to AI development firm Nomic AI’s GPT4All. It was developed in just four days at a cost of $1,300 and requires only 4GB of space. While it might not be as powerful as ChatGPT-4 from AI firm OpenAI, it is still a powerful tool in its own right. Elon Musk has warned that AI development has brought us closer to a technological point of no return, the so-called Singularity.

Brian Roemmele of the technology blog Multiplex has written a detailed guide on how to install the personal AI “GPT4All” on April 11, calling it a “first PC” moment for personal AI. This development means that personal AI is widely accessible to anyone with even a basic level of computer skill. It is important as it gives people who otherwise cannot access cutting-edge technology some of the benefits of AI. However, this development also has its challenges and risks.

Elon Musk, a vocal critic of AI development, has signed a letter published by the United States think tank Future of Life Institute (FOLI) calling for all AI companies to “immediately pause” training powerful AI systems. He has warned that we are closer to the so-called Singularity than ever before. It is a point at which technological growth becomes uncontrollable and irreversible. While some see it as a positive development, others fear it could lead to a dystopian future, similar to that depicted in the popular Terminator sci-fi franchise.

Personal Artificial Intelligence: What is it?

Personal Artificial Intelligence, or Personal AI in short, is an artificial intelligence that has been specifically designed for personal use. It is meant to provide users with customized recommendations and perform specific tasks. Personal AI differs from commercial AI, which is developed for businesses, and industrial AI, which is developed for use in industries.

The development of personal AI has its challenges and risks, with experts warning about the consequences of AI development. Elon Musk, one of the vocal critics of AI development, has warned that once AI surpasses human intelligence, we are at the point of no return. It is crucial, therefore, for traders to be cautious about investing in AI-based companies and diversify their portfolio.

The Bottom Line

The development of personal AI is a milestone achievement that opens up new possibilities for users worldwide. However, traders should be wary of putting their money in companies that solely focus on AI development, given the risks posed by this emerging technology. Traders should invest in AI-based companies only after considering their track record, reputation, and sustainability, and diversify their portfolio to minimize risks. It is also essential for governments and regulatory bodies to monitor AI development and use to ensure the safety and well-being of society and humanity.

Disclaimer: The content in this article is provided for informational purposes only and should not be considered as financial or trading advice. We are not financial advisors, and trading carries high risk. Always consult a professional financial advisor before making any investment decisions.

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